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New Alan Turing £50 note design is revealed

bbc.co.uk

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Re: New Alan Turing £50 note design is revealed

#41

Post by neilwilson »

carmen_sandiego wrote: post #2

Cool design + polymer, but they should probably just abolish the £50 already. Very few places accept them. Never mind the £100 notes you can get in some parts of the UK. I would say they should encourage better acceptance of these denominations, but cash seems to be dying in general. I look to Switzerland with envy, where as far as I can tell you can stroll into the supermarket and drop a 1000-franc note without issu…

Sheep farmers in the hills of Northumberland trades flocks with rolls of £50 notes.

Very difficult to get contactless working in the midst of the Cheviots.

Re: New Alan Turing £50 note design is revealed

#42

Post by midasuni »

albertgoeswoof wrote: post #25
midasuni wrote: post #20

Earlier quoted context omitted.

£20 in 2020 was £10 in 1994 - 26 years ago. £20 in 1994 was £10 in 1981 - 13 years before. £20 in 1981 was £10 in 1975 Before that 1969 and 1950 So that’s doubling in 19,6,6,13,26 So inflation is at long time record lows despite the last period including the 08 crash and covid

Excluding housing and university fees, because that’s magic money

Fees were a problem back in 1999 but they creased to be an issue in 2005 when they were added to income contingent repayments. Other tax rates or indeed disposable income isn’t included in that measure

CPIH figure includes houses, under that £20 today was £10 in 1990, so even lower.

Re: New Alan Turing £50 note design is revealed

#44

Post by hnlmorg »

dan-robertson wrote: post #8
carmen_sandiego wrote: post #2

Cool design + polymer, but they should probably just abolish the £50 already. Very few places accept them. Never mind the £100 notes you can get in some parts of the UK. I would say they should encourage better acceptance of these denominations, but cash seems to be dying in general. I look to Switzerland with envy, where as far as I can tell you can stroll into the supermarket and drop a 1000-franc note without issu…

The problem was that £50 notes were most likely forged, I think, although I don’t know how true that was. So the solution surely isn’t to get rid of the notes as that just shifts the forgery to the next note down. Surely instead the solution would be higher valued notes being created. But: - I don’t really think the problem is forgery. I think it’s that it is annoying for a lot of shops to make change for £50. - I do…

In my experience most places were hesitant because they didn't have the change in the cash register. Anywhere busy with a full register accepted £50 notes happily.

edit: to add to that, it used to be that £1 coins were the most forged in sterling cash. I can't say if that's still the case, but at one point it felt like 1 in 3 pound coins were a fake.

Re: New Alan Turing £50 note design is revealed

#45

Post by vkou »

madaxe_again wrote: post #19
DaiPlusPlus wrote: post #3

Finally, a better way to recognise him - instead of Benedict Cumberbatch's criminally inaccurate 2014 portrayal - or that renamed road on the MS campus - or the great British tradition of a park bench...

I very much doubt Turing would have appreciated his name and image being used for propaganda purposes by a government that is scarcely different to the one that murdered him.

A few years ago, that government officially forgave Alan Turing for his crime of homosexuality.

It seems to me that it would have been more appropriate for it to have officially asked for his forgiveness, instead.

Re: New Alan Turing £50 note design is revealed

#47

Post by hnlmorg »

bloak wrote: post #18

> Old paper £50 notes will still be accepted in shops for some time. I find that amusing because I suspect that in practice not many shops accept them. It's hard for me to know because despite having lived in the UK for about half a century I've never had a £50 note. Perhaps they have a plan to bring the new £50 notes into use. If today's cash machines only have the hardware to dispense two kinds of note they could r…

I have carried £50 notes (and accepted £50 notes when I had jobs while studying) and the only occasions I've seen them refused is when there wasn't enough change in the cash register.

Scottish and other non-English sterling is another matter. Despite being legal tender in England, smaller shops don't see it frequently enough to want to take the risk handling them.

Re: New Alan Turing £50 note design is revealed

#49

Post by midasuni »

lifeisstillgood wrote: post #37
midasuni wrote: post #20

Earlier quoted context omitted.

£20 in 2020 was £10 in 1994 - 26 years ago. £20 in 1994 was £10 in 1981 - 13 years before. £20 in 1981 was £10 in 1975 Before that 1969 and 1950 So that’s doubling in 19,6,6,13,26 So inflation is at long time record lows despite the last period including the 08 crash and covid

I am not sure about this. I know there is a lot of controversy over inflation measures (mostly the basket of goods used, impact of tech in holding down the basket) I take a unscientific approach in that I had a bar menu from 1971 (my birth year) showing the prices in old and new money. A pint of Skol was 5 new pennies in 1971, and today you can find an equivalent pint of lager at about 5 pounds. So that's 100 fold in…

Not based on my family outgoings, but if you want to use gut feeling rather than scientific measures that’s fine.

Ale prices themselves have increased 73% since 2000, lager 85%, according to beerandpub.com

Annecdoatally in 2002 I was paying £1.60 in a student bar in the south west. Earlier this year I paid over £5.50 in a sam smiths in london, you might think it’s increased, but those were two very different pubs though. London prices are far higher than the majority of the country, and the range is even higher now. Perhaps CPI should be measured on a regional basis, as rents in london increased due to high demand and high paying jobs, prices of goods and services had to also.

Since 2008 according to the British beer and pub association, annual beer inflation has been 2.8%. The most expensive beer since 2008 has increased on average 5% a year.

Beer will be higher inflation than other measures like Big Macs as the tax has increased on it - both duty and vat. Pre tax beer prices were 1.43 in 2002, 1.91 in 2008 and 2.42 in 2019.

That’s an 08-19 increase of 2.2%

Re: New Alan Turing £50 note design is revealed

#50

Post by thanatos519 »

stuartbman wrote: post #27
DaiPlusPlus wrote: post #3

Finally, a better way to recognise him - instead of Benedict Cumberbatch's criminally inaccurate 2014 portrayal - or that renamed road on the MS campus - or the great British tradition of a park bench...

Yes that film was awful- they took an individual who was 'very warm and friendly'[1] and turned him into the prototypical savant nerd (Sheldon Cooper, Sherlock Holmes) 1. https://www.bbc.co.uk/news/magazine-27701207

Perhaps that was an artifact of casting Benedict Cumberbatch in the role.
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