Chancellor Sajid Javid is drawing up plans for millions of 50p Brexit coins to be minted in time for Britain's departure from the EU.

Mr Javid has asked officials to look at whether it will be possible to produce the coins in volume ready for the UK's scheduled EU leaving date of October 31, according to The Sunday Telegraph.

Former chancellor Philip Hammond had planned a limited edition of around 10,000 commemorative coins to be sold to collectors for £10 each.

Mr Javid's revised proposal for the coins to be produced for mass circulation was being portrayed as a statement of intent that the Treasury is now fully behind Brexit.

It is in marked contrast to his predecessor who infuriated Brexiteers with his warning about the likely economic impact of leaving the EU and his opposition to a no-deal break.

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The coins will still carry the words "Friendship with all nations" but will be stamped with the new departure date of October 31 2019.

The Telegraph reported one possible snag could be that the new coin has to be signed off by a meeting of the Queen's Privy Council of ministers, which is not due to meet again until October.