The Bank of England issued British Pound banknotes in 7 different denominations, including this Bank of England 1 Pound Sterling banknote (Sir Isaac Newton). They are part of the withdrawn Bank of England banknotes series. The Bank of England started issuing these 1 British Pound banknotes in 1978. They were withdrawn from circulation in 1988. The Bank of England £5 note, also known as a fiver, is a banknote of the pound sterling. It is the smallest denomination of banknote issued by the Bank of England . In September 2016, a new polymer note was introduced, featuring the image of Queen Elizabeth II on the obverse and a portrait of Winston Churchill on the reverse. Bank of England £1,000,000 note, also referred to as Giant, is a non-circulating note used to "back" Scottish and Northern Irish pound notes.. Nine £1 million notes were issued in connection with the Marshall Plan on 30 August 1948, signed by E.E. Bridges, and were used internally as "records of movement" for a six-week period, along with other denominations, with total face value of £300