M256 - Motion on the introduction of a 99p coin

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Jarred
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M256 - Motion on the introduction of a 99p coin, The Hon. Barnetlad MP
This House notes that despite the economic growth in the UK, there is still a demand for low cost shops for those on a low income. To help speed up shopping for people by reducing the need to give change, the House would support the introduction of a 99p coin

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username456717
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Aye

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Observatory
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Barnetlad's bills would be more tolerable if the ideas were at least his own.
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PhysicsKid
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Nay. The .99 pricing is a stupid marketing tool. Would be so much easier if all prices ended in 0s- we wouldn't need anything below a 10p then either!
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tehFrance
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This was done before I got exiled, running out of ideas Barnetlad? :rolleyes:
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Krollo
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(Original post by PhysicsKid)
Nay. The .99 pricing is a stupid marketing tool. Would be so much easier if all prices ended in 0s- we wouldn't need anything below a 10p then either!
Then you could just divide everything by 10 and get the same situation as you started with, except with a slightly inefficient market.

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That Bearded Man
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Wouldn't this just change the 0.99p to a 0.98p ending, so they'll still be forking out pennies.

Then again, lowering the cost of goods! Haha
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Life_peer
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Again? :rolleyes: And again no.
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Republic1
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At least Barnetlad is keeping his manifesto promises.

Of course, a No from me. Abolishing the penny - now there's something I'd support.
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RayApparently
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I actually don't think it'd make companies start selling things at 98p since there are psychological reasons behind the 99p pricing.
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M1011
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#11
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I counter this notion with a demand for a 98p coin instead.

This way when we shop we can fork over all those years worth of useless blooming pennies back to the 99p store one at a time instead...
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Republic1
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I think the psychologists got it wrong big time with the 99p thing. Unless I am just impervious to that nonsense.

If I see something as £6.99 I think oh it's £7
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Chlorophile
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How would it look like?
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Fastlove
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(Original post by Chlorophile)
How would it look like?
*What would it look like?
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Life_peer
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(Original post by Republic1)
I think the psychologists got it wrong big time with the 99p thing. Unless I am just impervious to that nonsense.

If I see something as £6.99 I think oh it's £7
When I see McDonald's, I think oh it is crappy unhealthy fake food. However, the average Joe thinks it is a nice place to get tasty food cheap. The retailers would not use such pricing if it did not have a significant effect.
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Will95206
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#16
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Funny but nay!
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chrisawhitmore
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#17
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No. Huge expense to the taxpayer for no good reason. (Minting coins aint cheap)
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nikkoch
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aye
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barnetlad
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(Original post by tehFrance)
This was done before I got exiled, running out of ideas Barnetlad? :rolleyes:
It's in my manifesto, and part of that for the Monster Raving Loony Party. I make no bones that I stood on a manifesto of MRLP ideas and some of my own.

(Original post by Republic1)
At least Barnetlad is keeping his manifesto promises.

Of course, a No from me. Abolishing the penny - now there's something I'd support.
What, some people don't keep manifesto promises?

(Original post by Chlorophile)
How would it look like?
I am sure we could have a design competition- a picture of a place where it is likely to be spent maybe?
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tehFrance
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(Original post by barnetlad)
It's in my manifesto, and part of that for the Monster Raving Loony Party. I make no bones that I stood on a manifesto of MRLP ideas and some of my own.
That's not my issue, my issue is that you already did this.
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