The Bank of England has been accused of being the 'Bank of Wokeness' after proposing to cut historical figures from banknotes. Images of Winston Churchill, Jane Austen and Alan Turing could be replaced by images of themes such as nature, innovation, or key events in history. It raises the possibility of British birds, bridges, or bangers and mash featuring on the next series of £5, £10, £20 and £50 notes and would take us down the route favoured by the Euro which feature many an imaginary structure or window. But what do we lose when we potentially erase these historical figures from a place in our pocket? Are they problematic figures who are essentially divisive? Or are we discarding important figures who achieved greatness and still embody moral values? Is the concept of heroism one we need to reject altogether or do stories of human endeavour still represent the best way to promote culture and identity?

PANEL: Anne McElvoy, Ash Sarkar, Matthew Taylor, Tim Stanley

WITNESSES:

Paul Lay, Historian

CHAIR Michael Buerk