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12 Apr 2023

Cytech, the internationally recognised training and accreditation scheme for bicycle technicians, will be joined by training providers Activate Cycle Academy and Spokes People when the...

11 Apr 2023

The ACT have moved office. We’re still in the same business centre but have moved unit.

4 Apr 2023

With the week commencing 17 April being designated as #ShopKind Week, we are urging all our members to get involved in the campaign by sharing the materials on social media and across their...

4 Apr 2023

A course that teaches children how to ride bicycles safely in Northern Ireland schools in no longer affordable - according to the government department that pays for it.

4 Apr 2023

The UK's competition watchdog has announced a crackdown on online pressure-selling tactics that can push consumers into making hasty decisions they later regret.

3 Apr 2023

A sixth of deliveries in central London could be done by cargo bike by 2030, according to Transport for London.

23 Mar 2023

The ACT has announced that the annual Local Bike Shop Day https://localbikeshopday.co.uk/ will take place on Saturday 29...

22 Mar 2023

A new 250-mile coast to coast cycle route set to launch in the south of Scotland this summer will be named after Kirkpatrick Macmillan, the 19th century Dumfriesshire blacksmith who invented the...

21 Mar 2023

Data from City Ratings, which ranks global cities according to how cyclable they are, lists Edinburgh as the UK’s top city in 12th place.

21 Mar 2023

Schools are being encouraged to sign up for The Sustrans Big Walk and Wheel 2023. The walking, wheeling, scooting and cycling to school challenge runs from Monday, March 20 to Friday, March 31.

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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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