Changes

===Currency===

===Currency===

The currency of the United Kingdom is the [[Pound|Pound Sterling]], commonly called Pound and written £ or GBP, divided into 100 New Pence (now commonly just called pence or 'p'). Traditionally the UK had a complicated triple currency structure of 20 [[shilling|shillings]] to the Pound and 12 "old pence" (represented by a "d") to the shilling, making a total of 240 pence to the Pound. This system was abandoned in 1971 due to difficulties with computerised accounting systems, in favour of the current [[decimal]] system.

The currency of the United Kingdom is the [[Pound|Pound Sterling]], commonly called Pound and written £ or GBP, divided into 100 New Pence (now commonly just called pence or 'p'). Traditionally the UK had a complicated triple currency structure of 20 [[shilling|shillings]] to the Pound and 12 "old pence" (represented by a "d") to the shilling, making a total of 240 pence to the Pound. This system was abandoned in 1971 due to difficulties with computerised accounting systems, in favour of the current [[decimal]] system. This change was not without its detractors.

The UK was one of the three [[European Union]] nations of the time (along with [[Sweden]] and [[Denmark]]) not to join the [[Euro]] at its inception, a position it maintains. Banks in Scotland and Northern Ireland are permitted to print their own banknotes, as long as they keep an equivalent amount of sterling in reserve.

The UK was one of the three [[European Union]] nations of the time (along with [[Sweden]] and [[Denmark]]) not to join the [[Euro]] at its inception, a position it maintains. Banks in Scotland and Northern Ireland are permitted to print their own banknotes, as long as they keep an equivalent amount of sterling in reserve.