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2 Feb 2023

Taking place from 21st-23rd April 2023 at the iconic Alexandra Palace venue in North London, The Cycle Show brings together a variety of exhibitors from the cycle and e-mobility sectors, aimed...

2 Feb 2023

Glasgow-based cycling charity Bike for Good, which is responsible for delivering the internationally renowned Cytech training and accreditation scheme for bicycle technicians and enthusiasts in...

30 Jan 2023

VOLT e-bikes today announces it is partnering with TFL for the ULEZ scrappage scheme to help eligible riders join the e-bike revolution. VOLT is offering exclusive purchase discounts this month...

30 Jan 2023

The number of shops lying vacant on British high streets fell during the final three months of 2022, despite pressure on both companies and consumers from the rising cost of living.

26 Jan 2023

The rapid growth in the use of Buy Now Pay Later (BNPL) services risks becoming the UK's next 'credit trap' scandal, a loan provider has warned.

25 Jan 2023

Under the banner of CONEBI, the Confederation of the European Bicycle Industry,15 national bicycle industry associations and 68 companies have become signatories to a self-commitment to prevent...

23 Jan 2023

As Glasgow gears up to host the 2023 UCI Cycling World Championships, community groups have been given a share of more than £160,000 to boost bike use in the city.

23 Jan 2023

British Cycling has published new research, which shows the rising popularity of off-road e-bikes and electric mountain bikes (e-MTB’s) and highlights the need for improvements to cycling...

18 Jan 2023

The article reports that, in 2021, Halfords saw its annual cycling sales double and stocks dry up. However, by the middle of 2022, it says, warning signs were appearing as inflation and supply...

16 Jan 2023

Weston-super-Mare seems to be one town in the UK bucking the national trend, with new shops opening and businesses reporting an increase in trade, according to a report by Bristol Live.

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New King’s banknotes to enter circulation by mid-2024

Posted on in Business News , Cycles News

New banknotes featuring King Charles are to enter circulation by mid-2024. The King’s portrait will appear on four polymer banknotes (£5, £10, £20, and £50).

Charles notes

The rest of the design on the banknotes will remain the same, including the security features that retail staff check during transactions.

There is no action for retailers to take right now. Retailers should continue to accept polymer banknotes that feature the portrait of the late Queen Elizabeth II.  Banknotes featuring the late Queen and the King will be in circulation at the same time.

If you use machines to authenticate banknotes (excluding ultraviolet lights), you will need to update these ahead of the new King Charles notes entering circulation.  These updates are normally made available by machine manufacturers a few months before a note enters circulation.

The new banknotes will only be printed to replace those that are worn and to meet any overall increase in demand for banknotes. The Bank of England's approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change.

You can find the Bank of England’s free banknote education materials to train your employees and ensure they know what to look out for here.

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