Monday, 7 July 2025

Bank Note Redesign

Banknotes issued by the Bank of England are about to get their first major redesign in more than 50 years. Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out. The public are being asked for their views on new themes, such as nature, innovation, or key events in history. It raises the possibility of British birds, bridges, or bangers and mash featuring on the next series of £5, £10, £20 and £50 notes. Banknotes issued in Scotland and Northern Ireland already carry images of landmarks and animals such as otters. Euro banknotes feature architectural styles. This public consultation relates to the Bank's next series, which will also continue to include an image of the monarch. People can submit their view via an online form on the Bank's website, or by post, by the end of July. The final decision on what exactly features on a banknote lies with the Bank's governor. More than 4.7 billion Bank of England notes are in circulation, collectively worth around £86bn. Cash use has fallen to 12% of transactions as payments technology evolves, but the Bank has said it is committed to providing cash for those who wish to use it.

BBQ - What would you like to see on the new bank notes?