Will the pound soon be a plastic bank note?
The Bank of England is weighing up whether or not they'll be introducing plastic bank notes in the UK. We currently have cotton paper notes in Britain, but soon, we may be using notes made of polymer as they're more durable.
You will have seen these notes before. They're shiny and you can't tear them. Not even if you're a superhero.
The notes are, of course, being redesigned as the Bank of England seek to address the lack of women that appear on our currency (and no, The Queen doesn't count). Author Jane Austen will now be appearing on £10 notes.
New Bank of England governor, Mark Carney, doesn't like the new notes being referred to as 'plastic'. In an interview earlier in the year, he said: "We introduced polymer notes in Canada… there's no decision on that. In keeping with transparency and consultation, if we were to consider moving to polymer notes, which have some advantages, if we were to consider that, we would have a public consultation and announce that in due course."
We should have the answer later today.