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

New £50 note featuring Alan Turing enters circulation

Written by:
A new £50 note featuring the scientist Alan Turing enters circulation today.

The note is made from polymer, a thin, flexible plastic material – already used on the £5, £10 and £20 notes – and contains advanced security features.

It will start appearing in bank branches and at ATMs in the coming days.

It means all Bank of England banknotes are now available on polymer.

You can use the old £50 note until 30 September 2022. After this date, the paper £50 note and £20 note will no longer be legal tender so you should spend them or deposit them before then.

Turing, who was born in London in 1912, is best known for his codebreaking work at Bletchley Park, which is said to have helped end the Second World War. He was also a pioneer in the field of computer science.

In 1952 he was convicted of gross indecency for having a relationship with a man and sentenced to 12 months of hormone “therapy.” He died of cyanide poisoning in 1954. The official verdict was suicide.

Today would have been Turing’s birthday.

Speaking at Bletchley Park, where Turing carried out his famous codebreaking work, Bank of England Governor Andrew Bailey said: “Our banknotes celebrate some of our country’s most important historical figures. That’s why I am delighted that Alan Turing features on the new polymer £50 note. Having undertaken remarkable codebreaking work here at Bletchley Park during the Second World War, he went on to pioneer work on early computers, as well as making some ground-breaking discoveries in the field of developmental biology.

“He was also gay and was treated appallingly as a result. Placing him on this new banknote is a recognition of his contributions to our society, and a celebration of his remarkable life.”

All polymer banknotes have two key security features: a hologram which changes image and see-through windows.

The new £50 notes, like the polymer £10 and £20 notes, contain a tactile feature to help vision impaired people identify the denomination.

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.

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

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.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week