Spending a penny may not pay your debts
Bugger. If there's one thing Bitterwallet has excelled at, it's petty-mindedness. If you've ever wanted to take revenge on your bank for treating you like a teenager's special sock, or stick it to The Man, we've backed you all the way. For example, Andy has long been a fan of wasting the time of financial institutions and yesterday we brought you news of US police officers forcing a towing company to accept a fine in pennies.
Seems you won't get away with such churlish behavior in Blighty. Bitterwallet reader fu manchu pointed us in the direction of the Royal Mint, which states the term legal tender doesn't simply describe what physical currency we can use, but also how we use it:
Coins are legal tender throughout the United Kingdom for the following amount [of payment]:
- £5 - for any amount
- £2 - for any amount
- £1 - for any amount
- 50p - for any amount not exceeding £10
- 25p (Crown) - for any amount not exceeding £10
- 20p - for any amount not exceeding £10
- 10p - for any amount not exceeding £5
- 5p - for any amount not exceeding £5
- 2p - for any amount not exceeding 20p
- 1p - for any amount not exceeding 20p
This applies to debt settlement (such as the towing incident) rather than regular transactions, which can be settled any way so long as both parties agree. It puts an end to some whimsical notions of playing silly twats, though. Balls.