Bank Notes: Plastics

HM Treasury written question – answered on 2nd November 2015.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Health), Shadow DUP Spokesperson (Transport), Shadow DUP Spokesperson (Equality)

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.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

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.

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