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Cash accounts for just a third of retail purchases by volume in Britain. Within a decade it will be used for just 16%, according to UK Finance, a trade body. The £50 note is used least of all: there are more than twice as many tenners in circulation and six times as many twenties. Few cash machines dispense them. Shopkeepers distrust them. With the exception of crooks, the only group that uses £50 notes in any number is tourists, so the sensible thing may be to choose an ambassador easily recognisable by visitors. William Shakespeare, perhaps—or, since the Bard used to feature on the £20 note, maybe Peppa Pig.
From Who should appear on Britain’s new £50 note? - Funny money.
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