Published: Mon, December 05, 2016
Economy | By Melissa Porter

Bank of England Promises Action In Uproar Over Non-Veggie Banknotes

The bank said the problem "had only just come to light" and is treating any concerns with "utmost seriousness".

The news first came to light when the question as to whether or not the polymer £5 note contains tallow was asked on Twitter, to which the Bank of England confirmed that it did.

More than 100,000 people have signed a petition to remove tallow, which is widely used in the making of candles and soap.

Vegans and vegetarians are protesting British cash because it contains animal fat.

"I do not buy products tested on animals where possible, I avoid using any products or businesses that do not share my ethical stance".

In September, the United Kingdom switched its 5-pound notes from paper to polymer, a bendable plastic.

The central bank added in a statement that its supplier Innovia is "working intensively... towards potential solutions", suggesting the Bank is trying to make the notes free from tallow, the animal fat now used in the production process.

The Bank announced on Tuesday night that the company that supplied it with polymer pellets was looking into "potential solutions" to the issue.

Jagdish Singh said it was "troubling" to find out that tallow - derived from beef or mutton, but sometimes pork - was used to manufacture the fiver.

BoE in talks with currency supplier Innovia to make it meat-free.

The £5 note, featuring Sir Winston Churchill, entered circulation in September. "This is unacceptable to millions of vegans, vegetarians, Hindus, Sikhs, Jains and others in the United Kingdom", the petition reads.

Innovia has invested £40 million at Wigton to gear up for the Bank of England contract, including construction of an opacification plant to coat the polymer prior to printing.

"We expect polymer notes to last at least two and-a-half times longer than the current generation of fivers and therefore reduce future costs of production".

The Bank of Canada says their bank notes also have tallow, according to a CBC report.

Like this: