The Bank of England is introducing plastic money. Specifically polymer banknotes. They start in the autumn of next year with a new £5 note, followed by a new £10 note in 2017. And, it has been announced today, a new £20 in 2020. Which will leave only the £50 note made from paper.

But why, oh why, does this take so long? The Bank essentially know the designs, the technology and the security features. So why is it not possible to have the new £10 and £20 notes next year along with the £5 note? Why does it take 5 years to create the new £20 note. This isn’t building a space shuttle; it’s essentially printing pieces of paper, albeit with some devilishly clever technology embedded.
I have never understood why it takes any public enterprise — central government, local government, Bank of England, the NHS; the list is endless — so long to accomplish anything. They’d never survive in a competitive marketplace.
Gawdelpus!