Bank Notes (Denominations)

Mr. Kenneth Lewis
asked the Chancellor of the Exchequer when it is planned to issue a new Bank of England note of £50; and whether it is contemplated to issue any higher demonination than £50.

Mr. Lawson
The Bank of England announced last February that it intended to issue a £50 note, with a portrait of Sir Christopher Wren on the reverse. The planned date of issue is late next year. The Bank has no present plans to issue a higher denomination note than £50.