IT’S finally being admitted it was a big expensive mistake to ditch the pound note for the pound coin.

Half the pound coins in the UK are fake, thus costing the state billions.

Had the pound note been retained, as soon as fake pound notes were spotted, new pound notes would have replaced the old ones, thus outwitting the forgers.

Another Thatcherite plan down the pan.

GLYN LIMMER Roosevelt Road Long Hanborough