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29 Jan 2020

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Both retailer and visitor registration is now open for CHSI Stitches 2020
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14 Aug 2019

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1 Aug 2019

The Booksellers Association (BA) has created a Green Manifesto encouraging themselves,Booksellers and the Book Industry to improve their eco-friendliness.
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CHSI 2020 dates announced

12 Jun 2019

The UK's trade show for the creative craft industry brings together over 6,000 craft buyers looking for new ideas and innovative suppliers.
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Children's creative summer workshops

8 May 2019

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Stationery Show London 2019

8 Apr 2019

Get ready for this year's Stationery Show London
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Bring your craft store to life

5 Apr 2019

Visual merchandising tips to bring your craft store to life
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The Women's Festival of Cycling 2019

2 Apr 2019

Cycling UK, for the third year running, has organised the Women's Festival of Cycling
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Guidance in preparing for EU exit

11 Feb 2019

A new guidance has been published for the retail sector with information on preparing for the EU exit
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Paper 10 banknote withdrawn from circulation

Posted on in Business News, Cycles News, Creative News, Outdoor News

From today (1st March) the old £10 paper banknote will be withdrawn from circulation.

The new polymer £10 note was introduced in September last year, and as of 11:59pm on 1st March 2018 the old £10 paper banknote will no longer have legal tender status. Retailers can choose to still accept paper £10 banknotes from this date, however, paper £10 banknotes must not be given as change to customers.

Image result for £10 noteIf you decide to continue to accept the old £10 banknote you should talk to your bank and find out if they will still allow you to deposit old £10 notes after 1st March.

If you are no longer accepting old £10 paper banknotes - communicate the change to customers. The Bank of England has provided materials for retailers to communicate that they are no longer accepting the paper £10 note, which can be downloaded here.

Ensure you know which cash handling machines are being operated by your business and check whether an adaptation is required with your supplier. If you have not been able to adapt your machines before the note is withdrawn, have a process in place so that customers can exchange old notes if they are dispensed in change.

When accepting new £10 notes retailers should be looking out for the following security features:

  • A see-through window featuring the Queen's portrait
  • Winchester Cathedral shown in gold foil on the front of the note and silver on the back
  • A quill at the side of the window which changes from purple to orange
  • A hologram which contains the word ‘Ten' and changes to ‘Pounds' when the note is tilted
  • A hologram of the coronation crown which appears 3D and multi-coloured when the note is tilted
  • A book-shaped copper foil patch which contains the letter JA
  • Micro-lettering beneath the Queen's portrait with tiny letters and numbers that are visible under a microscope
  • The words ‘Bank of England' printed in raised ink along the top of the note

Further details about The New £10 note can be found on www.thenewten.co.uk


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