Will the pound soon be a plastic bank note?

10 September 2013

uk-money.jpg 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.

TOPICS:   Banking

8 comments

  • What T.
    Great idea. Can't wait until I can buy Tennant's with a shiny plastic note.
  • james
    They aren't being redesigned to address the lack of women. There is already a woman on the five pound note (Elizabeth Fry) After the redesigns, there will be a woman (Jane Austin replacing Charles Darwin) on the £10 note instead of the £5 (Winson Churchill replacing Elizabeth Fry).
  • David
    Of course the UK already has 'plastic' bank notes. The £5 notes issued by Northern Bank (Danske Bank) in Northern Ireland, have been 'Australian-style' polymer notes for years.
  • Michael S.
    The average note spends only 24 hours being handled before it is withdrawn and destroyed. (That doesn't include the time in wallets tills and safes, when not being handled. As a shopkeeper, most notes we see are filthy. Once or twice a week we'll see a note that has been used to snort coke and has blood on one edge. Please, let's have notes that can be cleaned.
  • shiftynifty
    Stop moaning Michael...your making aintcha...?...clean notes...where`s your shop...in some drug addled cul-de-sac..?
  • Emily S.
    The suffragettes were a puritan movement of largely upper-class women. Voting rights were linked to land ownership/wealth - many men couldn't vote either. In 1832 only about 10% of men got the vote, and in 1867 only about 40%. The suffragettes' actual impact is negligible - reforms were already occurring. Facts which are conveniently ignored when one-sided demands are made over perceived 'sexism'. Now go and put the kettle on.
  • fibbingarchie
    @ Michael I'm always giving my local shopkeeper filthy notes. The last one I wrote was 'Can I come on yer tits?' She's quite a looker!
  • badger
    ^ The queue starts after me, bastard. ^

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