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Bank of England: What will the new banknotes look like? Bank of England: What will the new banknotes look like?
(32 minutes 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 of England's chief cashier, whose signature appears on every banknotes.
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.
A £5 note celebrating the Sycamore Gap tree which was felled in 2023
"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 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 designsStudents 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 designCurrent 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 appeared 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. While notable historical figures remain an option, other possible subjects suggested by the Bank include:
architecture and landmarks, such as famous buildings or castlesarchitecture and landmarks, such as famous buildings or castles
arts, culture and sport, including food, film and novelsarts, culture and sport, including food, film and novels
noteworthy events in history, which could include events or movementsnoteworthy events in history, which could include events or movements
innovation, such as technology or discoveriesinnovation, such as technology or discoveries
nature, celebrating plants, animals or natural landscapes such as rivers or coastal scenesnature, 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.
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