Shoppers given March deadline to spend old £10 notes as Darwin makes way for Austen
Sophie Christie THE old paper £10 note featuring Charles Darwin will expire shortly before midnight on March 1 2018, the Bank of England has announced.
From that date on, only the new polymer £10 notes featuring Jane Austen will be legal tender.
However, the organisation says that while the old notes will not be accepted in shops and other businesses from The old £10 note, featuring Charles Darwin, will cease to be legal tender next March March 1, it will still be possible for Charles Darwin notes to be exchanged at the Bank of England.
This is a service that is free of charge and can be completed either by post or in person.
The Bank adds that the public can continue to use the old notes as normal as most paper £10 notes will be automatically removed from circulation.
As of Oct 3, 55pc of £10 notes in circulation were polymer. Paper bank notes – £5, £10 and £20 – are slowly being replaced by plastic notes, which are more secure and harder to counterfeit, more resistant to dirt and more durable.
The paper £5 note is no longer legal tender, and the old £10 note is now in the last few months of its life.
A new polymer £20 banknote will be issued in 2020, with a portrait of JMW Turner on it.
The Bank has not confirmed whether the £50 note, featuring Watt, will be replaced.
The plastic £10 note featuring English novelist Austen attracted some criticism when it was released in September, because the quote printed on the note is spoken by Miss Bingley in
in which she exclaims: “I declare after all there is no enjoyment like reading!” This caused controversy as it was not spoken by Austen, but by one of her most obnoxious Boulton and characters, a woman who does not actually like reading books at all.
The new £10 note is around 15pc smaller than the old one and is the first English banknote to be printed with a series of raised dots in the top left-hand corner, in order to help blind and partially sighted users.
The new £10 note is expected to last at least 2.5 times longer than its paper predecessor – around five years in total, the Bank of England said.