• 02:33
  • 24.08.2017
£10 note: What happens to banknotes when the Queen dies?

£10 note: What happens to banknotes when the Queen dies?

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Mark Carney, the Bank of England governor, will today unveil the new £10 note, which features a portrait of Jane Austen.

The new note will be the first tenner to be printed on polymer, following the introduction of the plastic £5 note last year.

It will mark the fifth redesign of the £10 note, and will likely be the last to feature a portrait of Queen Elizabeth.
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The Bank of England redesigns its notes approximately every 20 years, meaning that the next major overhaul will be due around 2037.

But before then, it is expected that Prince Charles will ascend to the throne.

When Charles becomes king, new notes and coins will immediately go into production bearing the new monarch’s portrait – though it could take several years before Britain’s entire stock of currency is replaced.
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It is widely believed that the Prince of Wales has already sat for portraits that will be used on new currency, stamps and postboxes. 

Buckingham Palace does not comment on the details of the accession, but it is thought that preparations have been ongoing for many years.

Charles will become king on the instant that the Queen passes away.
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The accession council will convene at St James’s Palace as soon as possible to declare him as the new monarch, although this is a formality.

Britain will enter a period of mourning for 12 days, during which time the BBC will suspend all comedy programming.

The Queen’s funeral is expected to be the biggest state funeral in history, with millions likely to travel to London to pay their respects to Britain’s longest-reigning monarch.
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Some months later, Charles will be coronated at Westminster Abbey.

Clarence House has not said whether Camilla will take the title Queen, although a recent survey found that 39 per cent of people would support the decision.

In 2005, when Charles and Camilla married, that number was just seven per cent.
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The Queen’s death will shake up the royal line of succession.

Prince William will become first-in-line to the throne, and will take the title The Prince of Wales.

Kate will be entitled to use the style Princess of Wales, although some believe the title could be rested out of respect for Diana.
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Prince George will become second-in-line to the throne, with Princess Charlotte third-in-line and Prince Harry fourth-in-line.

If Harry has married girlfriend Meghan Markle by this time, the couple will be known as The Prince and Princess Henry.
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