Did you know that today is the last day that the old £20 not will be accepted in shops and swapped in banks, building societies and post offices? If you have any of the notes featuring the composer Elgar, you’ll need to either buy something with them or pop into your local branch and they’ll give you a nice shiney replacement.

The ‘new’ £20 note features a picture of economist Adam Smith and was introduced in 2007 as part of the Bank of England’s fight against counterfeiting. Despite the fact that the Elgar note will be about as useful as a snotty tissue a the till, there are formal penalties in place for any bank that continues to issue use Elgar notes in their cash machines – if you do get one and they won’t change it, you have to send to the Bank of England.

Related posts:

1. PM Invites Public To Make Decisions On Spending Cuts
2. New Payment Protection Insurance Sceme Gets A Provider
3. Missold PPI And Other Unwanted Products Are The Main Gripe Of The Financial Consumer
4. PPI Claim Numbers Hit 135 A Day