The design of the new polymer £20 note was revealed today, and a launch date of 20.02.2020 was set (I see what they did there).
I wonder if this will spark an increase in card usage, as people rush to bank old notes and then switch to using card; or an increase in cash usage, as people might enjoy the novelty of a new note design?
Personally, I only use card or mobile payments if possible but I think £20 notes are probably a bit more useful than £5 and £10, which are often too low value. For example, if I think somewhere might be cash only, I might want to take an “emergency” note with me (and, since I don’t use cash regularly, I wouldn’t have coins or want small denominations) and it will be good to have a new £20.
What do other members think?