Bank of England note issues England Mark Carney announced that a newly designed £10 banknote, featuring novelist Jane Austen, would be issued in 2017. The campaign for a woman to appear celebrated the choice as "a brilliant day". The date of issue was subsequently confirmed as 14 September 2017. Like the £5 note featuring Churchill, the new £10 note is made from polymer rather than cotton paper. It depicts: £20 notes, in white, appeared in 1725 and continued to be issued until 1943. They ceased to be legal tender in 1945. After World War II, the £20 denomination did not reappear until 1970, when the
United States Note $500 and $1000. The Demand Notes' printed promise of payment "On Demand" was removed and the statement "This Note is a Legal Tender" was added. Legal tender status guaranteed that creditors would have to accept the notes despite the fact that they were not backed by gold, bank deposits, or government reserves, and had no interest. However, the First Legal Tender Act did not make the notes an "unlimited legal tender" as they could not be used by merchants to pay customs duties on imports and could not be used by the government to pay interest on its bonds. The