UK to retain highest denomination note

Fifty pound banknotes
The current paper-based £50 note design
Bank of England

The Bank of England has confirmed it will issue a new £50 banknote on a polymer substrate, despite concerns over the role of high-value notes in facilitating crime.

The UK government also said it would retain the lowest coin denominations, the 1p and 2p coins, after a backlash against plans to axe them.

“I’m very excited to be starting the process of introducing a new £50 note,” said Sarah John, the BoE’s chief cashier. “At the bank, we are committed to providing the public with high-quality

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.