Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Television licensing in the United Kingdom is £145.50 for colour TV and £49 for monochrome TV, per household. The radio-only licence was abolished on 1 February 1971, when it was £1.25 (actually £1-5s-0d in pre-decimal UK currency) or the equivalent of £ in prices. On 1 April 1991, the BBC took over the administration of television licensing in the UK, assuming the responsibility of licence fee collection and enforcement. Since this date, the BBC has been the statutory authority for issuing television licences (before April 1991, the statutory authority was the UK Home Office), although the UK Government retains certain powers and responsibilities with regards to