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All The Details Of The New Plastic Fiver Have Been Revealed

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All The Details Of The New Plastic Fiver Have Been Revealed

The first of the new plastic £5 notes will be rolled out later this year by the Bank of England.

The notes cost around 7p each to print, while costing the Bank of England £70million to develop.

Former Prime Minister Sir Winston Churchill will now appear on the back of a fiver, instead of Elizabeth Fry, and it's of deep disappointment that I have to inform you that it is not the picture of him chonging a cigar.

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In the background, over Churchill's right shoulder, there's a a view of the palace of Westminster and Big Ben, from the south bank of the Thames - or as you'd know it, near where the London Eye is.

The time on Big Ben is 3 o'clock, which was the time of day when the former PM made his famous "I have nothing to offer but blood, toil, tears and sweat" speech in the House of Commons on May 13, 1940. The quote is also displayed below Churchill's picture.

Credit: Bank of England

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Speaking at the launch of the new £5 note, Bank of England governor, Mark Carney, said: "These notes will stand the test of time. Polymer marks a major innovation - it's cleaner, safer and stronger."

The new note will be issued on September 13 when 44 million will be dropped into circulation.

Credit: PA

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You'll still be able to use paper fivers up until May of next year, but after then they will no longer be considered legal tender.

You can either exchange them at the Bank of England, or hold onto one until it becomes some kind of rarities in 30 odd years.

Eventually, £10 and £20 notes will follower in suit and will be smaller and lighter than the ones currently in circulation.

So there you go.

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Words by Mark McGowan

Topics: £5, fiver, Money, Note

Mark McGowan
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