Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

New £1 coin is now legal tender

HM Treasury and Royal Mint urge parking sector to convert payment systems

28 March 2017
The new 12-sided £1 will co-circulate with the existing round pound for the next six months
The new 12-sided £1 will co-circulate with the existing round pound for the next six months

 

The new 12-sided £1 coin became legal tender from 27 March and is now being rolled out across the country. HM Treasury and The Royal Mint have been working with the parking industry to prepare for the introduction and are urging businesses to make sure they are prepared for the upcoming co-circulation period, where both the old and new coins will be accepted as legal tender until 15 October. 

This is the first time the £1 coin has been introduced in over 30 years. The new...

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