£10 note tribute to au­thor Austen en­ters cir­cu­la­tion

South Wales Echo - - NEWS -

A NEW £10 ban­knote cel­e­brat­ing Jane Austen has en­tered cir­cu­la­tion and will start to show up in peo­ple’s pock­ets in the com­ing days and weeks.

The new ten­ner is the first Bank of Eng­land ban­knote with a tac­tile fea­ture – a series of raised dots in the top left-hand cor­ner – to help blind and par­tiallysighted users.

It comes as an­other change to the na­tion’s money is im­mi­nent, with the old £1 coin to cease be­ing le­gal ten­der from Oc­to­ber 15. The coin has been re­placed by the new 12-sided £1 – made at Llantrisant’s Royal Mint – which en­tered cir­cu­la­tion in March.

Mean­while, the new £10 ban­knote fea­tur­ing Pride And Prej­u­dice au­thor Austen is made from poly­mer, like the £5 note al­ready in cir­cu­la­tion fea­tur­ing Sir Winston Churchill.

Just over one bil­lion poly­mer £10 notes have been printed ready for is­sue and they will start to ap­pear in wal­lets as the notes leave cash cen­tres around the coun­try and en­ter gen­eral cir­cu­la­tion.

The new ban­knotes are ex­pected to last at least two-and-a-half times longer than the cur­rent pa­per £10 notes, around five years in to­tal, and stay in bet­ter con­di­tion dur­ing day-to-day use.

Peo­ple can con­tinue to spend the ex­ist­ing pa­per £10 notes for now. They will be phased out grad­u­ally as they are banked.

Le­gal ten­der sta­tus of the pa­per £10 fea­tur­ing Charles Dar­win will even­tu­ally be with­drawn in spring 2018.

The ex­act date will be an­nounced at least three months in ad­vance.

A new £20 note fea­tur­ing artist JMW Turner will fol­low in 2020.

The tran­si­tion to poly­mer has sparked con­tro­versy af­ter the Bank con­firmed that an “ex­tremely small amount” of tal­low, or an­i­mal fat, was used to pro­duce poly­mer pel­lets, which were part of the pro­duc­tion process for cre­at­ing the notes.

In Au­gust, fol­low­ing a pub­lic con­sul­ta­tion, the Bank said that af­ter “care­ful and se­ri­ous con­sid­er­a­tion”, there would be no change to the com­po­si­tion of poly­mer used for fu­ture ban­knotes.

It said the only vi­able al­ter­na­tive was palm oil, but this raised ques­tions about en­vi­ron­men­tal sus­tain­abil­ity and value for money.

Bank of Eng­land gov­er­nor Mark Car­ney said: “The new £10 note cel­e­brates Jane Austen’s work.

“Austen’s nov­els have a uni­ver­sal ap­peal and speak as pow­er­fully to­day as they did when they were first pub­lished.

“The new £10 will be printed on poly­mer, mak­ing it safer, stronger and cleaner.

“The note will also in­clude a new tac­tile fea­ture to help the vis­ually im­paired, en­sur­ing the na­tion’s money is as in­clu­sive as pos­si­ble.”

This year has marked 200 years since Austen’s death.

Born on De­cem­ber 16 1775, in Steven­ton, Hamp­shire, Austen was one of eight sib­lings.

She started to write short, comic sto­ries in child­hood, and her first works were pub­lished anony­mously.

Sense And Sen­si­bil­ity was pub­lished in 1811, fol­lowed by Pride And Prej­u­dice in 1813

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