When the old £10 note ceases to be legal tender

The date the old paper £10 notes will cease to be legal tender has finally been announced by the Bank of England.

The plastic tenners were introduced on September 14, but the expiry date for the old notes were only set as spring 2018.

Now we know for certain that you will no longer be able to spend the paper notes after March 1, 2018.

Old notes can still be spent ahead of the cut-off date, or exchanged at the Bank once this point has passed.

The Bank introduced the paper £10 note featuring naturalist Charles Darwin on November 7, 2000. Around 55% of the £10 notes in circulation are made from polymer, while 359 million are paper.

The Bank of England decided to move to polymer notes because they are cleaner, safer and stronger than paper notes.

It is said the plastic notes provide enhanced counterfeit resilience and, because they last around 2.5 times longer than paper notes, polymer notes are also more environmentally friendly.

The Bank of England are set to issue a new polymer £20 note in 2020 but there are no plans to make a £50 plastic note.

© 2017, Vale of Glamorgan Broadcasting CIC T/A: Bro Radio & Sky News.

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Patrick Downes

Currently Drivetime presenter Mon-Fri 4pm-7pm with a perchant for Saturday mornings between 10am and 2pm with Bring the Noise, it’s a mish mash of the best music and latest film news. There’s also #LoveAt11 with the world’s finest love songs, #RewindTheNoise where he’ll dig out a song you’ve not heard in ages, and #BringTheQuiet, a moment of perfect serenity – or a cracking acoustic version of a song you’ll know really well.