AN ATTEMPT by former Chancellor George Osborne to scrap copper coins was vetoed by David Cameron, it has emerged.
The proposal was drawn up by former Downing Street policy adviser Daniel Korski ahead of the 2015 Tory party conference and was part of plans to phase out cash altogether by 2020.
Mr Osborne argued for the move believing that it would be a “modernising change”.
Instead of going “cashless” the UK has introduced a new pound coin design and stuck with smaller value coins.
Mr Korski said: “The proposal we developed was to move towards a totally cashless society.