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

Party Drug "Special K" Found in "100% Natural" Chicken

USDA investigation uncovers a host of illegal drugs and antibiotics in birds slaughtered by the third largest chicken producer in the US.
Read More »

Veganism in the US Grew by 600% Since 2014

American consumers who identify as vegan now comprise six percent of the population, up from only one percent in three years.
Read More »

Punk Rock Drummer Rolls Out Vegan Food Truck

David Witte from thrash band Municipal Waste will be serving vegan cheese-slathered chimichangas streetside in Richmond, VA.
Read More »

Vegan Cinnamon Roll Shop to Open in Pennsylvania

Cruelty-free bakery Cinnaholic will bring its DIY cinnamon rolls to Lancaster county in July.
Read More »

Target Pulls Hampton Creek Off Shelves

The retail giant disabled registers to discourage shoppers from purchasing the company's vegan condiment Just Mayo, and 19 other products.
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 »