Bank Of England

New cash: the polymer £20 note first entered circulation in February 2020

Paper £20 to be withdrawn in 2022

By Nikkie Thatcher

The old paper £20 and £50 notes will be no longer be considered legal tender from 30 September 2022, the Bank of England has announced.

Latest addition: the new £50 note will come into circulation in June and has two security features, which can be checked to ensure they are genuine (image: Bank of England)

New polymer £50 note revealed

By Nikkie Thatcher

A new polymer £50 banknote will be joining the £20, £10 and £5 notes when it is released into circulation later this year.

Pubs must prepare for plastic fivers

Tender

Pubs must prepare for plastic fivers

By Oli Gross

Pubs will need to accept new plastic five and ten pound notes from customers later this year, and licensees will need to prepare for their introduction.

Bank of England has cut rates again

Interest rates cut to all-time low

By Ewan Turney

The Bank of England has cut interest rates by a further 0.5% to 1.5% — the lowest in its 315-year history. The historic move is designed to spark...

Interest rates cut to 5%

Interest rates cut to 5%

By Ewan Turney

The Bank of England has cut interest rates by 0.25% to 5% in a bid to spark growth in the economy. The move will benefit homeowners and borrowers and...

THE AGENTS

THE AGENTS

Paul Breen Director Colliers CRE Home-owners across the country were breathing a huge sigh of relief last Wednesday when the Bank of England revealed...