banknote

The Bank of England has received thousands of responses to its appeal for ideas for the first major redesign of banknotes in 50 years.

Despite the wide range of options, some people are keen to stick to the way key figures in history are honoured on banknotes.

Notable historical figures, such as Sir Winston Churchill on the current fiver, have featured on these banknotes since 1970 but could be on the way out.

He posed for photos holding Rolex watches and expensive cigars, and pretending to eat wads of banknotes.

She said the report should be a "wake-up call" about the risks of ignoring those affected by the falling use of banknotes and coins.