The more I look into this, the more apt the Thatcher suggestion is:
From the FT
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https://www.ft.com/content/0944a7f2-c128-11e6-81c2-f57d90f6741a
what should be the pinnacle of England’s banknotes languishes unloved. Hardly any cash dispensers issue it. Shops rarely see it. There have even been calls for its abolition.
The very mention of the £50 produces disquiet in some quarters. Peter Sands, the former chief executive of Standard Chartered bank, suggested last February that the main use of the 50 was illicit:
“Ask people in the United Kingdom when they last used a £50 note, the highest sterling denomination, and the most common answer is to pay a builder or plumber,” he said in a paper calling for its abolition. “The incentive is tax evasion.“ //
How appropriate that Mrs T is in the reckoning.