The governor of the Bank of England, Mark Carney, has revealed the new £20 note which features the artist JMW Turner. This will be available to the public on the 20th February 2020, this contains a polymer material along with modern, sophisticated security features as it is incorporated with two windows and two-colour foil, making it much more complicated for criminals to create a fake £20 note.
The new £20 note will also include a tactile feature that aids the visually impaired to locate the denomination, along with the Churchill £5 and Austen £10. In the following year, 2021, the new £50 note featuring Alan Turing is set to be launched in that year.
The public will receive the £20 note next year on February 20th, on this day all cash centres will disperse the new £20 note around the country and join the general circulation. People will continue to use the paper £20 note but over time this will decrease, and the new £20 note will fully take over as the old £20 notes are banked by retailers. A notice of six months will be sent out and the legal tender establishing the £20 will be withdrawn.
The fascinating note depicts the prestigious painting by Turner, the Fighting Temeraire, this is a tribute to the ship HMS Temeraire which ultimately played a crucial role within Nelson’s victory at the battle of Trafalgar in 1805.
A quote is also printed on the front which says “Light is, therefore, colour” pulled from an 1818 lecture by Turner referring to the creative use of colour shade light and tone used within his pictures.
About Stuart Mosley
Stuart Mosley (CeFA, CeMap, CLTM) founded SJ Financial Solutions in June 2005 having spent 12 years with big corporates such as Halifax and Santander. He felt the personal touch and straight speaking was missing from financial and mortgage advice services and set up SJ Financial Solutions to change this.
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