Bank Notes: Design
Lords · Question HL753 · Tabled 8 Jun 2026 · Treasury · Official record
Answered 22 Jun 2026
Question
Asked by Lord Reid of Cardowan
To ask His Majesty's Government what estimate they have made of the costs associated with redesigning Bank of England banknotes following the decision to replace historical figures as the principal theme.
Answer
Answered by Lord Livermore, 22 Jun 2026
The Bank of England periodically updates banknotes to incorporate stronger security features. The Bank has shared with HM Treasury an estimate of the overall investment required for the H-series of banknotes, however this cannot be disclosed at this stage...