Mervyn King, the Governor of the Bank of England with Lady Soames, the only surviving child of Winston Churchill
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Sir Winston Churchill to feature on new banknote

26 April 2013 Last updated at 19:59 BST

Sir Winston Churchill will feature on the new design of a banknote which will enter circulation in 2016, the Bank of England has announced.

The wartime leader's image is planned to feature on the reverse of the new £5 note, together with one of his most celebrated quotations.

Churchill was chosen owing to his place as "a hero of the entire free world", said Bank governor Sir Mervyn King.

The current face of the £5 note is social reformer Elizabeth Fry.

Luisa Baldini reports.