The Bank of England's banknote imagery advisory group has published the minutes from its meeting on 14 October 2025, in which the committee discussed the redesign of UK banknotes. The group, comprising experts from various fields, aims to ensure that the new banknotes reflect the diversity and inclusivity of British society. According to the minutes, the new designs will feature a range of historical figures who have made significant contributions to the nation's history and culture. These figures will include individuals from diverse backgrounds, including women, ethnic minorities, and those from different socio-economic backgrounds.
The redesign plans come in response to concerns over representation and diversity on UK currency. Critics have long argued that the existing banknotes feature predominantly white, male figures, reflecting a narrow and outdated view of British history. The banknote imagery advisory group's efforts to address these concerns are seen as a positive step towards greater inclusivity and representation.
The Bank of England has stated that the redesign process will be carried out in consultation with experts, stakeholders, and members of the public. The new banknotes are expected to be introduced in the coming years, with a tentative rollout date of 2027. The redesign plans are seen as a significant development in the world of UK currency and are likely to have a lasting impact on the nation's financial landscape.
The Bank of England has faced criticism in the past for its handling of banknote redesigns. In 2022, the organisation was accused of moving too slowly on the redesign of the £50 note, which was eventually announced in 2024. The bank has since stated its commitment to addressing concerns over representation and diversity on UK currency.