Bank Notes: Plastics
(asked on 27th October 2015) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent representations he has received on the use of plastic bank notes; and if he will make a statement.
This question was answered on 2nd November 2015
The Bank of England is the issuing authority for banknotes. Following research and a public consultation in 2013, the Bank decided that new polymer £5 and £10 banknotes would come into circulation at the end of 2016 and 2017 respectively. In September 2015, the Bank announced that the next £20 note will also be printed on polymer after considering further developments in banknote technology.