The Governor is giving the annual Adam Smith lecture at St Bryce's Kirk in Kirkcaldy, the birthplace of Adam Smith.
The Governor said:
“It is appropriate that tonight here in Kirkcaldy, where Adam Smith found contentment in study and reflection, I can announce that tomorrow the Bank of England will reveal its new £20 note. And the figure celebrated on the new note will, of course, be Adam Smith - the first economist and the first Scotsman to appear on a Bank of England note.”
Press release