You are here: Home - Saving & Banking - News -

New plastic £10 note launches

Written by: Paloma Kubiak
The new plastic £10 note featuring author Jane Austen has entered circulation today, but it could be some time before you get your hands on one.

The note is made from polymer, a thin, flexible plastic material – already used on new £5 notes – which is expected to last around 2.5 times longer than paper.

Just over a billion plastic £10 notes have been printed, but it could take days if not weeks for them to trickle down into shoppers’ change.

The new note features novelist Jane Austen, with 2017 marking 200 years since her death.

It will include a series of raised dots in the top left-hand corner to help blind and partially sighted holders identify the note and it also has a lower carbon footprint than its paper counterpart.

The paper £10 note featuring Charles Darwin will be slowly withdrawn from circulation by spring 2018 but the Bank of England confirms consumers will be given at least three months’ notice before it loses its legal tender status.

The governor of the Bank of England, Mark Carney, said: “Our banknotes serve as repositories of the country’s collective memory, promoting awareness of the United Kingdom’s glorious history and highlighting the contributions of its greatest citizens. The new £10 note celebrates Jane Austen’s work. Austen’s novels have a universal appeal and speak as powerfully today as they did when they were first published.”

 A new £20 note featuring J.M.W Turner will follow in 2020.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
saving for a house
It now costs more than £11k to move home

The average cost of moving home in the UK has risen by £628 over the past year to £11,624, while...