Make it rain with £50 notes by 30th April

16 January 2014

50 quid Are you lucky enough to have a wad of £50 notes? Well, spend 'em fast because over 60 million of them are being withdrawn. That'd be the ones starring the first governor of the Bank of England, Sir John Houblon.

You've got 15 weeks to make it rain as, from April 30th, only the £50 note which features the 18th century tag-team of Matthew Boulton and engineer James Watt will be legal tender.

Of course, you could simply pop down the bank and change them for notes which aren't going out of print, but that's no craic.

Barclays, NatWest, Royal Bank of Scotland, Ulster Bank and the Post Office will be exchanging the Houblon fifties up to the value of £200 until 30th October, so used-car dealers, you've still got some time to launder your money yet.

Victoria Cleland, head of notes division at the Bank, advises people over on YouTube: "If you have any Houblon £50 notes, it's best to spend, deposit or exchange them before 30 April."

Of course, there's changes afoot with sterling notes as the Bank announced that we'll all be getting plastic notes soon, with new designs and new famous people on the back such as Churchill and Jane Austen.

TOPICS:   Banking   Economy


  • jokester4
    So the "I promise to pay the bearer on demand the sum of X pounds" should actually read "I promise to pay the bearer on demand the sum of X pounds subject to unfair terms & conditions that entitle us to invalidate it at any time without bothering to make sure everyone is aware" ???? Probably a moot point, since very few of us have £50 to our names after paying our heating bills and tax...
  • badger
    ...Notes featuring Jane Austen, except it would have been Lord Nelson if the feministas hadn't had a strop. After all, who has contributed more? Our greatest naval tactician and saviour of our interests in numerous battles, or somebody who wrote drippy chick lit?
  • SatansCodpiece
    Notes issued by the Bank of England can always be exchanged at the Bank of England. It's only high street banks that will stop accepting them after April.
  • SatansCodpiece
    Of course, I meant to say "after October".

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