UK to introduce plastic banknotes
It took three years to study the impacts of a change from cotton paper
Smaller, wipe-clean plastic banknotes could be introduced by the Bank of England from 2016, matching some currencies across the world. The switch could start with the new £5 note, featuring Sir Winston Churchill, with the £10 note to follow.
The new polymer notes stay cleaner, are more secure and should even survive a spell in the washing machine, the Bank of England says.
The Bank has organised a roadshow to gauge public opinion across the UK over the next two months before coming to a final decision in December.