3  All speeches are available online at www.bankofengland.co.uk/publications/Pages/speeches/default.aspx  3  It is this glorious history of innovation and impact that the Bank seeks to celebrate on the new £ The new fifty will complement the celebration of literature on the Austen tenner, statecraft on the Churchill fiver, and the arts on the Turner Twenty coming in 2020. With the introduction of the new £ the nation’s banknotes will honour a wide range of UK achievement. In selecting characters for the nation’s banknotes, we are looking for someone from Great Britain or Northern Ireland who has made an invaluable contribution to UK society – be it through pioneering innovation, exceptional leadership, shaping this diverse society and forging its common values. As has always been the case, the Bank will not represent living people or fictional characters on our banknotes. I’m afraid that means Time Lords, of whatever gender, are sadly ineligible, despite their enduring popularity. In submitting nominations, we are encouraging the public to think creatively and widely about what “science” means. The Advisory Panel will consider individuals from the multitude of disciplines that fall within the general umbrella of science, from astronomy, biology and civil engineering through to zoology, and everything in between. For further inspiration, the Bank has prepared a short video. You can submit nominations anytime from today until the nominations period closes six weeks from now on 14 December. The Bank expects to announce a final decision in the summer next year.

£ character selection and Future Forum launch Remarks given by Mark Carney, Governor of the Bank of England  Science Museum, London Friday 2 November 2018  I am grateful to Clare Macallan and Jennifer Nemeth for their assistance in drafting these remarks and to Lizzie Levett, Emma Sinclair and Toby Davies for providing background information. 1  All speeches are available online at www.bankofengland.co.uk/publications/Pages/speeches/default.aspx  It is always a pleasure to visit the Science Museum. Its galleries and exhibitions showcase the rich history of human ingenuity in the sciences, technology, and medicine. You might think that the Bank of England has little in common with such lofty endeavours, but science spans all aspects of life, extending even to central banking. Within this Mathematics Gallery alone, there are multiple examples of where the worlds of central banking and science converge. Take the Moniac machine, which illustrates the circular flow of income around the economy using an assortment of pipes and coloured water. Or Babbage’s Analytical Engine, developed in collaboration with mathematician Ada Lovelace. This precursor to modern computers helped estimate mortality rates, techniques that are still central to underwriting life insurance policies today. The same life insurers that we regulate at the Bank of England. Among those who are supervising, modelling and policymaking, are the Bank’s very own scientists. Almost 10% of colleagues across the Bank have a science or maths degree and 1 in 10 of our graduates starting this year studied chemistry, biology or physics at university.