Bank Notes: Design
Lords · Question HL754 · Tabled 8 Jun 2026 · Treasury · Official record
Answered 18 Jun 2026
Question
Asked by Lord Reid of Cardowan
To ask His Majesty's Government what assessment they have made of the potential impact on public understanding of British history of the removal of historical figures from banknotes issued by the Bank of England.
Answer
Answered by Lord Livermore, 18 Jun 2026
As set out in the Memorandum of Understanding between HM Treasury and the Bank of England, the Bank of England is entirely responsible for the design, production, issue and distribution of banknotes. As such, given responsibility rests with the Bank of En...