Everything you need to know about the new £5 note

New £5 note
3 June 2016

We told you the new £5 notes were imminent - well, now they've been unveiled and the new plastic fivers will be in circulation very soon.

"These notes will stand the test of time," said Bank of England governor Mark Carney; "Polymer marks a major innovation - it's cleaner, safer and stronger."

Thanks to the new notes being made of plastic, rather than cotton, they'll take more of a beating. If, for example, you leave one in the wash, it won't suffer like the old cotton ones.

There's a change of design too, and now the reverse features former Prime Minister and all-round Hitler botherer, Sir Winston Churchill. Of course, The Queen is still on the front of the note.

As well as Winston Churchill, on the reverse, you'll also be able to see the palace of Westminster and the Elizabeth Tower (or, 'Big Ben' colloquially). And for the nerds among you, the hands of the clock are stuck at 3 o'clock, because that's the time, on 13th May 1940, Churchill made his "I have nothing to offer but blood, toil, tears and sweat," speech in the House of Commons.

There's also an image of the Nobel Prize medal he won, if he needed to show off any more.

The notes will start appearing on September 13th, and from that date, the cotton £5 notes we're used to, will start to be withdrawn. You'll be able to spend the old fivers until May 2017.

There's a video about the new note from the Bank of England, right here.

The note itself is smaller than the ones we've got right now, and a bit lighter too.

And there's more plastic notes on the way. Jane Austen is going to be the non-Royal face on the reverse of the new plastic £10 note from 2017. From 2020, the new plastic £20 note will feature the artist JMW Turner.

The tenners and twenties will be roughly the same dimensions as the ones we've got now.

As for the £50 - there's no news on any changes there. So few people use them, the BoE are clearly in no rush.

Anyway, literally everything you need to know about the new £5 note can be found here at the Bank of England's dedicated website.

TOPICS:   Banking   Economy

What do you think?

Connect with Facebook, Twitter, or just enter your email to sign in and comment.

Your comment