However, from 2011 on they are made from steel, with a nickel coating (nickel plated steel). In most respects they look identical and weigh the same, but sharp-eye observers will notice they are 11 per cent thicker, moving from 1.7 mm in depth to 1.9 mm.
They will also become magnetic for the first time:

The change, proposed by the former Labour government, is designed to save the Royal Mint between £7 million and £8 million a year, allowing it to use steel rather than copper, which has surged in price over recent years. Making the cupronickel alloy is also a relatively expensive process.
(information by Pabitra Saha)
LINK: The Telegraph
LINK: The Royal Mint
Presumably the Isle of Man, Jersey, Guernsey, Gibraltar, Ascension and the Falkland Islands will follow suit in due course.
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