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Nobody uses them in day to day life. Many people have never even seen one. Most cash machines only have £20 notes as the highest denomination.

I agree they're rarely used by locals.

Having said that, when I have friends visit from Singapore, they often seem to carry £50 notes... and most places seem to accept them (although maybe this is less true outside London).

When I first moved to London my Australian bank changed about $1000 AUD for me to british 50s; I think in that part of the world the banks/money changers get shipments of 50s to save space/weight. Took me a good year to shift those though, 3/4 of places would outright refuse to accept them and the other quarter would handle them with a mix of confusion and distrust.

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