The Bank of England has since announced that its supplier of the note, Innovia, is working on a way to remove the use of tallow, a by-product of animal fat, from its production of polymer five pound notes.
"We are aware of some people's concerns about traces of tallow in our new five pound note," the Bank of England said.
"We respect those concerns and are treating them with the utmost seriousness," it said in a statement.
Cash Row Over Cash Cow
The Bank of England had confirmed that tallow is indeed used in the production of its new plastic currency following a petition shared on the internet by a vegan campaigner which has attracted more than 100,000 signatures in just two days.
"This is unacceptable to millions of vegans and vegetarians in the UK," Doug Maw who launched the petitions stated.
It seems the row over tallow is set to continue as long as Britain's currency contains traces of animal fat, despite recent assurances from the Bank of England.