New £5 bank notes to be made from plastic
Plastic bank notes are to be issued by the Bank of England for the first time when the new £5 featuring Sir Winston Churchill appears in 2016.
Plastic banknotes set for 2016, Bank expected to say
The Bank of England is today expected to announce plans to press ahead with switching to plastic banknotes, starting with the new Sir Winston Churchill £5 note in 2016.
The Bank has been considering a move to polymer notes for several years and new governor Mark Carney, who replaced Mervyn King in June, launched a public consultation on the switch shortly after taking up his post.
In Australia, the notes, which are seen as more hard-wearing and hygienic, have been in circulation since 1996
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