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Home > Banknotes


The Bank of England has been issuing banknotes for over 300 years. During that time, both the notes themselves and their role in society have undergone continual change. From today's perspective, it is commonly accepted that a note that costs a few pence to produce is worth five, ten, twenty or fifty pounds.
Maintaining confidence in the currency is a key role of the Bank of England and one which is essential to the proper functioning of the economy.

J.M.W. Turner to appear on the next £20 banknote

J.M.W. Turner to appear on the next £20 banknote



​Bank of England Governor, Mark Carney, announced that J.M.W. Turner will appear on the next £20 banknote due to be issued by 2020. ​Selecting the character for the next £20 note. How the Banknote Character Advisory Committee selected J.M.W Turner to appear on the next £20 note.

Moving to Polymer Banknotes

The next £5, £10 and £20 banknotes will be printed on polymer. The new £5 note will be issued in September 2016 with the full details of design and security features revealed on 2 June.  The £10 note will be issued in 2017 and the £20 note by 2020.

Find out more about Polymer Banknotes

Find out more...