HC Deb 14 December 1972 vol 848 c219W
Mr. Cormack

asked the Chancellor of the Exchequer what is his policy towards withdrawing the ½p coin from circulation.

Mr. Nott

There is no intention whatsoever of withdrawing the 1p coin from circulation in the foreseeable future. It plays an important role in fighting inflation and is widely used in pricing and price shading for groceries and other small items, as well as for some services.