Chamber welcomes plastic banknotes

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Derbyshire’s Chamber of Commerce have welcomed plans to introduce plastic banknotes - saying they will be more durable and prevent fraud.

A new £5 note, featuring Sir Winston Churchill, will be introduced in 2016, with a new £10 note featuring Jane Austen coming a year later.

Chris Hobson, the Chamber’s Head of Representation and Information, said: “Businesses will welcome the move to print UK banknotes on polymer instead of paper. It’’s important that UK currency is both physically robust and difficult to counterfeit and this move will help to address both of those issues.

“The retail sector in particular will benefit from this move, which will lead to less tatty, more durable notes which can stay in circulation longer.”