Bank of England £1 note Bank of England £1 note The Bank of England £1 note was a banknote of the pound sterling. After the ten shilling note was withdrawn in 1970 it became the smallest denomination note issued by the Bank of England. The one pound note was issued by the Bank of England for the first time in 1797 and continued to be printed until 1984. The note was withdrawn in 1988 in favour of the one pound coin. One pound notes were introduced by the Bank of England for the first time in 1797, following gold shortages caused by the French Revolutionary
Bank of England note issues made. In September 2015 the Bank of England announced that the next £20 note will be printed on polymer, rather than cotton paper. This was followed by an announcement in April 2016 that Adam Smith will be replaced by artist J. M. W. Turner on the next £20 note which will enter circulation in 2020. Images on the reverse of the new note will include a 1799 self-portrait of Turner, a representation of his painting "The Fighting Temeraire", the quotation "Light is therefore colour" from an 1818 lecture by him, and a copy of Turner's signature as made on his