One of our literary greats, Jane Austen, has been picked to be the face of the new British £10 note which is due into circulation next summer. According to the Daily Mail (DM 29/05/16 – The money that’s okay to launder), we will soon be seeing our first ‘plastic’ banknote in the shape of a £5 note which will feature Sir Winston Churchill. The £10 note will follow next year and a £20 note featuring Joseph Mallord William Turner (landscape painter) is planned for 2020.
The Bank of England have created a new, flexible, polymer note which they claim will last around five years and will even be able to survive a 90 degree wash cycle. These new notes will also be slightly smaller than those currently in circulation and are predicted to save around £100 million over a ten year period on the basis that the bank should need to print fewer notes.
One thing that the Bank of England does warn about with these new notes however, is that we are going to need to take care when using them. It would seem that the polymer plastic notes have a tendency to stick together which could mean us handing over more money than we need to!
The proposed concept of the £10 note includes this quote by Jane Austen:
“I declare after all there is no enjoyment like reading!”
And I must declare, I do agree!
(For the full story, please see the Daily Mail 29/05/2016.)