Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Bank Notes

Treasury written question – answered on 26th March 2018.

Alert me about debates like this

Photo of Clive Lewis Clive Lewis Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, whether he plans to hold a public consultation on proposals to remove £50 notes from circulation.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

There are no proposals to withdraw the fifty pound banknote from circulation. Nor are there plans to scrap any other note, or coin, currently in circulation.

We recently issued a call for evidence to better understand the role of cash and digital payments in the new economy. One part of this seeks views on whether the current mix of coins, and notes, meet the public’s needs.

Cash continues to play an important part in the lives of many people and businesses in the UK. We are committed to ensuring that these needs continue to be met.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.