This is the best tl;dr I could make, original reduced by 77%. (I'm a bot)

> Designs for bank notes featuring an image of King Charles III have been revealed by the Bank of England, with plans to enter circulation by mid-2024.

> More than 4.7bn Bank of England notes featuring the Queen remain in circulation, worth about £82bn. It comes after the gradual phasing out of paper bank notes and the bringing in of those printed on polymer - a thin and flexible plastic material - since the introduction of the £5 note featuring Winston Churchill on the reverse in 2016.

> Although the note designs revealed by the Bank will feature a new portrait of the monarch, the reverse side will remain unchanged, with the author Jane Austen on the £10 notes, the artist JMW Turner on the £20 ones and the computer scientist Alan Turing on the £50 notes.

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