London Daily

Focus on the big picture.
Tuesday, Jul 22, 2025

Just 100 days left to spend paper £20 and £50 notes

Just 100 days left to spend paper £20 and £50 notes

The days of spending paper banknotes in the shops are numbered: 100 days, to be exact - so start hunting at home.

Remaining paper £20 or £50 notes should be spent or deposited by the end of September, the Bank of England said.

An estimated 163 million paper £50 banknotes and about 314 million £20 paper notes were still in circulation, the Bank said.

These notes are being replaced with plastic versions, just like the £5 and £10 note, which are more durable.

The Bank said the newer, polymer notes were also harder to counterfeit.

"The majority of paper banknotes have now been taken out of circulation, but a significant number remain in the economy, so we're asking you to check if you have any at home," said the Bank's chief cashier, Sarah John, whose signature is on the new notes.

From October, people with a UK bank account should still be able to deposit the paper notes into their account or at the Post Office, but spending them will be impossible.

Paper £20 and £50 notes issued by Clydesdale Bank, Royal Bank of Scotland and Bank of Scotland will also be withdrawn on the same date.

The paper £20 notes issued by Bank of Ireland, AIB Group, Danske Bank, and Ulster Bank in Northern Ireland will also be withdrawn after 30 September.


Celebrating Alan Turing


The Bank of England's paper £20 featuring economist Adam Smith has been in circulation since 2007, but has been gradually replaced by the plastic version which includes the work and portrait of artist JMW Turner.

Also being withdrawn is the paper £50 note which shows the manufacturers Matthew Boulton and James Watt. This entered circulation in 2011 but is now substituted for the polymer note featuring Alan Turing.

He helped accelerate Allied efforts to read German Naval messages enciphered with the Enigma machine, and so shortening World War Two and saving lives. He was also pivotal in the development of early computers, first at the National Physical Laboratory and later at the University of Manchester.

Turing was gay at a time when homosexuality was illegal and he was convicted for having a relationship with a man. The government apologised for his treatment in 2009, and Turing received a posthumous Royal pardon in 2013. His appearance on the new £50 note has been welcomed by parts of the LGBT+ community as a symbol of a country facing up to the way gay men were persecuted.

The polymer fiver featuring Winston Churchill launched in 2016, and the plastic £10 note including the portrait of Jane Austen was first issued in 2017.

All old paper banknotes can be exchanged by the Bank of England at any time.


Alan Turing £50 banknote being printed


Newsletter

Related Articles

0:00
0:00
Close
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
×