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Well, that could make for a lot of wasted time & distractions with always making change at the table. And some players don't like to give up their chips or make change at all. Theoretically, what you suggest SHOULD work, but with human nature it doesn't always make for a smooth game.
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Good point. But I have lots of newbies and not so experienced players - most folks are just in it for a fun night. I've found that players get really excited when the higher value chips come out! And those with big stacks like the kudos of the higher denom chips. Sad I know...
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with blinds starting at 5/10, the $5 chips tend to get used only for blinds and limping, and people usually end up with extras they never use
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Again, with my mix of players I have lots of call stations and limpers! It's fish soup! I have 75% betting before the flop! So we need them reds!
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Can you get £ chips, or will you use $, or get chips with values but no currency sign?
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WHAT???!!!

Despite what you might read in the press, most folks over here (London, UK) know that the USA is the greatest country in the world. Having an evening round a poker table with Las Vegas Casino chips with the $$$ sign on them adds a whole new level of excitement and wonderment.
Have the ££ sign on them just ain't the same. Maybe a couple of hundred years ago when you folks were still a colony it might have been OK.
And can you believe that folks buy chips with the EURO symbol on them €€!!! Over my dead body
