Written Question·Treasury·UIN 81215

Bank Notes: Scotland

Tabled: 10 October 2025
Answered: 16 October 2025

Question

Mr Angus MacDonald

Liberal DemocratInverness, Skye and West Ross-shire

To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that Scottish banknotes are treated as legal currency by businesses operating in England.

Answer

Lucy Rigby
The UK is unusual in allowing several commercial banks to issue their own banknotes. As well as Bank of England issued notes, authorised banks in Scotland and Northern Ireland issue banknotes in those jurisdictions. However, it remains the individual reta...

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