New plastic bank note unveiled and you only have months to spend your old fivers
The Bank of England has unveiled plastic five pound notes that will be impossible to tear and can survive the wash.
The "new fiver" marks a break from the current paper notes because it is printed on polymer, a thin flexible plastic film, which is seen as more durable and secure.
The note will be 15% smaller and feature Winston Churchill , who replaces 19th Century prison reformer Elizabeth Fry.
It can be wiped clean, is tear-resistant, it will last for about five years – compared with 18 months to two years for the current cotton paper version.
They will be issued in September and existing five pound notes will cease to be legal tender in May 2017.
The new note was revealed at Blenheim Palace in Oxfordshire where Sir Winston was born in 1874.
Unveiling the full new design...