The Bank of England changes banknotes' designs from time to time, featuring prominent citizens from around the United Kingdom. This time, it's the turn of the £50 note which will now feature computer scientist Alan Turing ...
The new £50 banknote from the Bank of England features Alan Turing!
The latest iteration of the new £50 banknote is set to be released on the 23rd of June 2021. They are the new polymer style designed to improve longevity, and the release coincides with Alan Turing's birthday.
"Alan Turing was more than just a codebreaker!"
Many people have heard that Alan Turing was famous for being a codebreaker at Bletchley Park during the Second World War and cracked Enigma, giving the Allied war effort a major advantage over the Axis powers. Fewer people realise that he is considered the father of the modern computer in the world of IT.
Discarded by the Government after the war, he committed suicide following a scandal surrounding his sexuality. Benedict Cumberbatch recently portrayed him in the film, The Imitation Game. In more recent times, he received a posthumous pardon from the Queen.
These new polymer £50 notes have advanced security, making them the most secure banknotes the Bank of England has issued so far. Like the £20 note, these incorporate two windows and a two-colour foil. They are very difficult to counterfeit. There is even a hologram that changes depending on how you look at the banknote.
The new Alan Turing £50 banknote joins the Churchill £5, the Jane Austen £10 and the William Turner £20, which completes the set and makes all UK banknotes polymer-based!
Don't worry if you have older paper banknotes stashed away. The Bank of England will give everyone notice at around 6-months before they are no longer legal tender, so you'll have plenty of time to spend them.
If anything I've written in this blog post resonates with you and you'd like to discover more about the new £50 banknote, or are wondering what you should do with the old paper ones, call me on 01908 774320 and let's see how we can help.
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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