Houblon £50 note to be withdrawn

Updated
Sir John Houblon
Sir John Houblon

%VIRTUAL-SkimlinksPromo%Around 63 million £50 banknotes bearing the portrait of the first governor of the Bank of England Sir John Houblon are to be withdrawn from circulation in 15 weeks' time.

From April 30, only the £50 note which celebrates the 18th century business partnership of entrepreneur Matthew Boulton and engineer James Watt, who helped forge the Industrial Revolution, will hold legal tender status, the Bank of England said.

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