Bank of England Opens Call for New Banknote Themes
The Bank of England is gearing up for a significant redesign of its banknotes, the first in over half a century. Moving beyond its traditional roster of famous historical figures, the institution is inviting the public to suggest new themes that might appear on future £5, £10, £20, and £50 notes.
From Churchill to Nature and Innovation
The current notes prominently feature celebrated British names like Sir Winston Churchill, Jane Austen, J.M.W. Turner, and Alan Turing. However, the Bank aims to explore a broader range of motifs, including:
- Iconic architecture and landmarks, including castles and notable buildings
- Arts, culture, and sports, embracing everything from literature to cuisine
- Historical events and movements that have shaped the nation
- Innovation highlighting technology and scientific breakthroughs
- Nature, celebrating the United Kingdom’s plants, animals, and landscapes
Public feedback is eagerly anticipated, with the Bank encouraging contributions via an online form and postal submissions until the end of July.
Why Redesign Now?
The Bank of England sees its banknotes as more than just currency; they are symbols of national identity engraved in everyday life. Victoria Cleland, the Bank’s Chief Cashier, emphasizes that notes act as "little pieces of art in our pocket" but notes that design choices must carefully balance accessibility, security, and broad public appeal.
While continuing to feature an image of the reigning monarch remains a priority, the Bank is keen to move away from contentious figures and themes, instead aiming for designs that unify and celebrate contemporary Britain.
Challenges in Selection
Choosing new images isn’t straightforward. Suggestions for celebrated individuals must be deceased, narrowing eligibility. Meanwhile, diverse representation and inclusivity pose their own challenges. Past choices, such as featuring Adam Smith, sparked debate across different parts of the UK, and historical scenes can be politically sensitive.
Alternatives like landscapes, cultural symbols, and even British culinary staples like chicken tikka masala are under consideration—offering fresh and relatable imagery.
Global Comparisons and Design Trends
While Bank of England notes have traditionally been understated, other nations embrace bolder designs. For example, the Bermuda $5 note, featuring vibrant colors and rich imagery of marine life and local landmarks, recently won international acclaim. Similarly, Euro banknotes highlight architectural styles with colorful, modern aesthetics.
The Bank of England’s challenge is to create notes that are visually appealing, secure, and representative of a wide audience while continuing to withstand the rigors of daily use.
The Future of Cash Usage
Despite a sharp decline in cash transactions—now down to just 12% in everyday payments—the Bank remains committed to maintaining cash availability for those who rely on it. Currently, over 4.7 billion Bank of England notes are in circulation, valued at approximately £86 billion.
With new designs anticipated in the coming years, the Bank hopes the refreshed notes will resonate with the UK public and stand the test of time both as currency and cultural artifacts.
How to Participate
The Bank of England welcomes all voices in shaping the future appearance of its banknotes. Suggestions can be submitted online or via mail until the end of July. The final design choices will be made by the Bank’s governor, considering both public input and technical requirements.
Banknotes remain a powerful medium to reflect national pride and history—this is a rare chance for the public to influence what the United Kingdom’s currency looks like for decades ahead.
