News

Bank of England to Keep Animal Fat in Money

British £5 and £10 banknotes will continue to contain tallow until the bank can find a plant-based alternative.

After an ongoing controversy, the Bank of England (BOE) has issued a statement regarding its decision to keep the current £5 banknotes in circulation. The banknotes in question are made with plastic polymer pellets—provided by its contracted supplier Innovia Security—that contain tallow (or rendered animal fat). The notes were put into circulation last September and raised concerns from animal-rights activists and religious groups alike, which deemed the currency an unavoidable contradiction to their non-violent ethical beliefs. While BOE considered destroying and reprinting the tainted banknotes last year, it ultimately decided to keep the currency as-is, and revealed that a £10 banknote that also contains tallow will be printed this September. “Withdrawing £5 polymer banknotes and stopping production of £10 polymer banknotes would have significant implications for the Bank’s anti-counterfeiting strategy and threaten continuity of supply of banknotes to the public,” BOE said in its statement. “It would carry environmental risks and impose significant financial costs on the Bank, and thereby the taxpayer, and on the cash industry.” UK-based animal-rights organization The Vegan Society is working with BOE to remove animal products from future currency, and the bank has recently postponed the printing of a £20 banknote (which was to be released in 2020), pending its negotiations with Innovia to create a plant-based alternative to the polymer.

More News

Upping Produce to "10 A Day" Drops Death Risk

A comprehensive study of two million people found that doubling the "5 A Day" fruit and vegetable recommendation comes with miraculous health benefits.
Read More »

City Council Asks VegFest to Sell Meat Sausages

Event organizers defend their choice to omit meat from Earth Day vegetarian celebrations as its consumption is not environmentally friendly.
Read More »

First Vegan Cafeteria Opens in Palestine

The country's first plant-based eatery is on-campus at Al-Quds University.
Read More »

25 Percent of UK Slaughterhouses Fail Hygiene Standards

An investigation uncovers that one in four meat products on supermarket shelves may be contaminated with a host of disease-causing bacteria.
Read More »

Vegan Cowboy Boot Boutique to Open in Dallas

The vegan showroom will sell custom-made cowboy boots, belts, jewelry, clothing, and home goods.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »