New plastic banknotes given the green light, starring Austen and Churchill
The Bank of England are all set to release new plastic banknotes for the first time, with a new design featuring Sir Winston Churchill on the £5 note and Jane Austen on the £10.
Churchill will start appearing in 2016 and Austen will follow in 2017.
This switch comes after a 3 years of research that found these new polymer notes to be cleaner, last longer and more difficult to counterfeit.
The public were asked too and after handling them, 87% were in favour of polymer with 6% opposed (7% didn't care either way).
Governor Mark Carney said: "Ensuring trust and confidence in money is at the heart of what central banks do. Polymer notes are the next step in the evolution of bank note design to meet that objective."
"The quality of polymer notes is higher, they are more secure from counterfeiting, and they can be produced at a lower cost to the taxpayer and the environment."
Sadly, the Queen will still be on the front unless she dies.