Adam smith on £20 notes

bright

yesterday the bank of England started printing £20 notes with Scottish economist Adam Smith on them. Score one for economists everywhere!

Bizzare that it came in during a labour Govt.

The_Minister

About time. The man who started a new era.

europerson

Linky.

J.S. Pill

bright wrote:

Bizzare that it came in during a labour Govt.

Makes perfect sense if you ask me. Come next election Gordon Brown will step up to the podium at the annual Confederation of British Industry dinner and remind all the big wigs there that it was new Labour who introduced the Adam Smith 20 bob note. 'Don't vote Tory', he'll say, 'they'll put Enoch Powell on it'!

bright

at the brittish industry dinner i'd imagine it would be met with a few Enoch Powell was right remarks......but, yeah your point makes sense.

Colonel Sanders

anon economic question in the pure sense, will the odd £20 notes be still legal tender and til when? I have a bunch of them at home.

dermo88

Yes, the Series E (modified) 20, Elgar portraitwill stay legal tender for up to two years, and then it will be withdrawn. All old Bank of England notes get honoured for their full value.

Since this note is in a different format and layout, it means the 5, 10 and 50 also change, and there might be a 100 Pound note added later.

I'd like to see Enid Blyton on the fiver, Brunel on the tenner, Agatha Christie on the fifty, Nelson on the Hundred.

silverharp

I think Adam Smith would be laughing in his grave if he knew that a £20 note was a promise to £20.