The British Pound (pound sterling) is still used. Although Britain is ‘currently part of Europe’, they have not adopted the Euro.
British money is based on the decimal system. There are 100 Pence in a British pound.
Coins in Pence: 1p, 2p, 5p, 10p, 20p 50p
Coins in Pounds: £1, £2
Notes: £5 , £10, £20, £50
Visa, MasterCard and American Express are all widely accepted in London for most things including shopping, restaurants, travel, hotel bills, theatre tickets and attractions.
You can change cash and traveller’s cheques at British Banks, many Post Offices & Travel Agents, some larger Tourist Information Centres, American Express, and Bureaux de Change. Be careful to check their rates as they can vary a lot!
There are many ATM machines in London, which may be cheaper to withdraw money using your debit or credit card, but this depends on your individual bank charges!!
BANKS OPENING TIMES
Generally 09:30 – 16:30 Monday – Friday
Some branches open on Saturday 09.30 – Midday
Closed on Sunday.
Some branches offer extended opening hours.
Restaurants: Many add a service charge to your bill, but in places that don’t you are expected to leave a 10% to 15% tip, unless the service is poor!
Taxis: 10-15% of the fare.
Pubs: No tip, although some pubs return change in a small metal dish hoping you will leave the change!
Porter/ Doorman: £1 or £2
Room Service: £2
Cinema/Movie ushers: No tip
Theatre ushers: No tip