Martin Lewis' MoneySavingExpert has issued a warning as time runs out to use paper £20 and £50 notes. The deadline is approaching until plastic notes will only be accepted, but millions of paper ones remain in circulation.
The latest figures from the Bank of England show there are £17.6 billion-worth of paper cash still floating around. But the MoneySavingExpert website - founded by financial expert Martin Lewis before he sold it on - warned shoppers to be quick, as there are only a few months left before they become invalid.
According to new figures published by the central bank in response to a Freedom of Information (FoI) request by BBC Wales, there are 360 million Bank of England-issued paper £20 notes (worth £7.19 billion) and 209 million paper £50 notes (worth £10.46 billion) still in circulation. But these notes will no longer be usable from September 30 2022.
