The Bank of England have refused to pull the new £5 notes from the production line, and state that the £10 note will also be made from the same animal fat that protesters are rallying against.
When the bank signed a contract with the manufacturer for the bank note material they were not aware of the ingredients the products were made from.
It has now been discovered that polymer contains an animal fat called tallow which is what gives the notes the anti slip and anti static effect.
When the bank found out about the products, they immediately made a public announcement and have been treating the issue with the utmost importance stated a spokesman for the bank.
However, after carefully reviewing the situation, they have decided to keep the £5 notes in circulation and to go ahead with the £10 polymer notes which will be unveiled in September.
Vegetarians and vegans are extremely angry with the bank’s decision. Tallow is a substance extracted from animal fat and it is used in candles and soap.
Advocates circulated a petition generating 100,000 signatures. Their argument is that because the notes contain animal fat it is an insult to vegetarians, vegans, Hindus, Jains and Sikhs in the United Kingdom.
Innovia is the company responsible for making the bank notes. They are claiming that they are not responsible for the material used to make the notes, and that it comes from a different supplier who they refused to name. In an interview they pointed out that there are thousands of products containing tallow, they also stated that they do not know which animal that the product comes from.
The Bank of England has stated that they have instructed the company who supply the polymer to look for an alternative material for the new £20 notes.