Written Question·Treasury·UIN 65148
Bank Notes: Design
Tabled: 4 July 2025
Answered: 14 July 2025
Question
Mr Richard Holden
Conservative — Basildon and Billericay
To ask the Chancellor of the Exchequer, whether her Department is (a) (i) represented on and (ii) consulted by and (b) able to veto the decisions of the Bank of England's Banknote Character Advisory Committee.
Answer
Emma ReynoldsThe roles and responsibilities for the production and issuance of banknotes are detailed in the Currency and Bank Notes Act 1954 and the 2025 Memorandum of Understanding on the financial relationship between HM Treasury and the Bank of England. The Bank o...
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