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| Bank of England: What will the new banknotes look like? | |
| (about 7 hours later) | |
| The Bank of England has received thousands of responses to its appeal for ideas for the first major redesign of banknotes in 50 years. | The Bank of England has received thousands of responses to its appeal for ideas for the first major redesign of banknotes in 50 years. |
| They included a high volume of ideas from young people despite trends showing they are less likely to use cash, instead preferring mobile payments. | They included a high volume of ideas from young people despite trends showing they are less likely to use cash, instead preferring mobile payments. |
| "We have had many thousands of responses and lots of interest and engagement from young people too," said Victoria Cleland the Bank's chief cashier. | "We have had many thousands of responses and lots of interest and engagement from young people too," said Victoria Cleland the Bank's chief cashier. |
| It released some examples of designs it has received, including a dolphin, the Sycamore Gap tree - also known as the Robin Hood tree and the Angel of the North sculpture in Gateshead. | It released some examples of designs it has received, including a dolphin, the Sycamore Gap tree - also known as the Robin Hood tree and the Angel of the North sculpture in Gateshead. |
| "The reaction shows how important banknotes are as way to celebrate the UK and how much we have to celebrate," Ms Cleland said. | "The reaction shows how important banknotes are as way to celebrate the UK and how much we have to celebrate," Ms Cleland said. |
| The Bank of England asked for public views on new themes for bank notes, such as nature, innovation, or key events in history. | The Bank of England asked for public views on new themes for bank notes, such as nature, innovation, or key events in history. |
| They were also asked to suggest other original themes by the end of July. | They were also asked to suggest other original themes by the end of July. |
| "People have engaged strongly with our six suggested themes, and within these have suggested a wide range ideas, from engineering achievements to folklore and mythology to transport," Ms Cleland said. | "People have engaged strongly with our six suggested themes, and within these have suggested a wide range ideas, from engineering achievements to folklore and mythology to transport," Ms Cleland said. |
| Students at the Co-op Academy Woodlands submitted designs | Students at the Co-op Academy Woodlands submitted designs |
| This public consultation relates to the Bank's next series, which will also continue to include an image of the monarch. | This public consultation relates to the Bank's next series, which will also continue to include an image of the monarch. |
| The final decision on what exactly features on a banknote lies with the Bank's governor Andrew Bailey. | The final decision on what exactly features on a banknote lies with the Bank's governor Andrew Bailey. |
| Current design | Current design |
| Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on banknotes since 1970 but could be on the way out. | Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on banknotes since 1970 but could be on the way out. |
| The monarch has appeared on Bank of England notes since 1960. Images of historical characters, starting with William Shakespeare, were first seen on the reverse side a decade later. | The monarch has appeared on Bank of England notes since 1960. Images of historical characters, starting with William Shakespeare, were first seen on the reverse side a decade later. |
| Now, the Bank is proposing that designs on the next series of notes could move on to a new theme. While notable historical figures remain an option, other possible subject matters suggested by the Bank include: | Now, the Bank is proposing that designs on the next series of notes could move on to a new theme. While notable historical figures remain an option, other possible subject matters suggested by the Bank include: |
| architecture and landmarks, such as famous buildings or castles | architecture and landmarks, such as famous buildings or castles |
| arts, culture and sport, including food, film and novels | arts, culture and sport, including food, film and novels |
| noteworthy events in history, which could include events or movements | noteworthy events in history, which could include events or movements |
| innovation, such as technology or discoveries | innovation, such as technology or discoveries |
| nature, celebrating plants, animals or natural landscapes such as rivers or coastal scenes | nature, celebrating plants, animals or natural landscapes such as rivers or coastal scenes |
| Banknotes issued in Scotland and Northern Ireland already carry images of landmarks and animals such as otters. Euro banknotes feature architectural styles. | Banknotes issued in Scotland and Northern Ireland already carry images of landmarks and animals such as otters. Euro banknotes feature architectural styles. |