Houblon £50 notes to be withdrawn in April

Last updated: Jan 16th, 2014
50 note

The £50 banknote featuring the portrait of Sir John Houblon, the first ever governor of the Bank of England, is to be withdrawn from circulation on 30 April.

At that time, only £50 notes carrying images of Matthew Boulton and James Watt - who were "responsible for accelerating the progress of manufacturing steam engines during the 18th and 19th centuries" according to the Bank - will remain as legal tender.

After the last day of April, shops and businesses will stop accepting the Houblon £50 notes as payment but most banks and building societies will continue to let customers deposit them in to their accounts.

While the banks do not have to continue to accept the notes after 30 April,  Barclays, NatWest, the Post Office, RBS and Ulster Bank have will exchange Houblon £50 notes for the public – up to the value of £200 – until 30 October 2014.

The Bank of England will also continue to exchange the Houblon notes after 30 April – as it does for all other notes it has issued which are no longer legal tender.

Who would you like to see on a bank note? Email us your suggestions with a brief explanation to editorial@moneywise.co.uk

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Your Comments

Comment from Shirley King, via email
 
Emmeline Pankhurst the founder of the suffragettes who because of her and many others who suffered brutally and refused to give up, 50 percent of the population now have the vote who previously were denied it. Who else has directly affected the rights of so many and sufferred so much because of it?
 
There are of course many other women who are deserving of their place in history. We have seen more than enough men on banknotes and it is time for a change, even though physical currency will soon be a thing of the past anyway.
Comment from Nigel Arnot, via email
 
Rosalind Franklin
 
She was the third co-discoverer of the structure of DNA, along with Crick and Watson who received Nobel Prizes for the work. Rosalind Franklin died tragically young before the importance of the discovery was recognised, and there was/is no provision for Nobel prizes to be awarded posthumously.
 
So honour her on a banknote instead.
 
Also there are too few female scientists, a situation in no small part due to peer pressure in teenage years. Perhaps having our greatest female scientist on a banknote would help to counter this.
Comment from Nick Hartland, via email
 
Dear Editor,
 
My choice for the face on banknotes is Baroness Thatcher, LG OM PC FRS. 
 
This lady pulled the UK back from a chasm of chaos constructed by those who sought, for a kind of personal gain, to break governments of the nation. But, compared to the conspirators that brought her down, those men she fought and beat were more honest and more like her. They still hate the lady who would not turn because she saved us. Had she not been betrayed, today, our mess would be less.
 
Regards