Existing cotton-paper £10 notes, featuring Charles Darwin and with a total face value of £8bn, will stop being legal tender from spring next year, although the Bank of England has not yet issued an official date for their withdrawal.
The polymer-based new note, which will continue to include traces of animal fat despite protests, comes into circulation exactly a year after the successful launch of the first plastic note, the £5 featuring Winston Churchill.
The paper £5 notes ceased to be legal tender on 5 May, although the Bank said that at the end of June there were still 127m in circulation, worth about £636m. If holders cannot exchange them at their local bank branch, the Bank will always exchange any old-series notes at face value.
There’s a new plastic tenner in England...