Decimal Currency For Britain

The United Kingdom was the last major nation-state in the world to adopt decimal currency, 50 years ago in 1971. Why was it so slow to do so? What changed politicians' and peoples' minds about it in the 1960s? Were Britain's plans to join the EEC influential? What was the impact of South Africa, Australia and New Zealand going decimal several years earlier? Or did it simply happen because of common sense, with a decimal system so much easier to learn and use than pounds, shillings and pence?The route to find the right designs was a complex one, with interfering politicians, struggling artists, and at one stage an angry Duke of Edinburgh! It took over five years to get there, and then there was the seven-sided 50 pence - a design classic we would say today, but what did the media and public think of it when it was launched in 1969?When Britain Went Decimal takes readers through the changeover leading to D-Day (decimalisation day), and beyond: how smooth and successful was the process? Did newspapers secretly hope it would fail? While decimalisation might have seemed right at the time, did it lead to inflation, as many people believe today?Entertainingly written and beautifully illustrated, this first book on decimalisation since 1973 attempts to answer all these questions and more, looking as much at the design - indeed the 'art' behind the new coinage - as at social, economic and political history.

The introduction of decimal currency in the UK and Ireland in February 1971 is a subject strangely neglected by historians of the period, despite it being a change which affected the daily life of everyone living in the British Isles at the time. Most histories of the 1960s and 1970s treat it as a mere footnote, an administrative reform of little significance, or ignore it altogether. What commentary there has been tends to be ill-informed, seeing decimalisation either as a harbinger of creeping Europeanisation or the trigger for the inflation of the mid-1970s or both. 50 years after “D-Day” there has been no comprehensive historical study of decimalisation, other than an official account by the secretary to the Decimal Currency Board, Noel Moore, in 1973. This ground-breaking work debunks the myths around the decimalisation project, and demonstrates, through an extensive examination of official documents and contemporary media reports, that the reform was an essentially conservative one. Far from ditching tradition in favour of ‘Euro-normality’, by retaining the pound as the ‘heaviest’ currency in the developed world, the UK government, keen to maintain the supposed prestige of Sterling effectively defended British exceptionalism. Only in the Irish Republic was the issue of compatibility with the currencies of Western Europe seriously considered. In examining the debates around decimalisation in Britain and Ireland from the mid-1950s through to 1971, this book fills a gap in the historiography, and through the prism of decimalisation, nuances our understanding of both the internal politics of the UK and Ireland, and relationships with Europe and the Commonwealth.

Published to commemorate the 50th anniversary of decimalisation in February 2021, this compact book gives a general introduction to the biggest reform to the UK currency in its 1500-year history. The planning and implementation of decimalisation is covered from different angles including the role of the Decimal Currency Board, the production of new coins at the Royal Mint, as well as the preparation of businesses and the public for 'D-Day'. Combining political and social aspects of the currency reform, it contextualises important moments and key challenges within a clear and compelling narrative. Featuring exclusive interviews and profiles of the people involved - from shop workers to the designer of the coinage - this entertaining book will immerse the reader in early 1970s Britain, at an important moment in its history.