3% is considered the standard rate of inflation in western countries, so we're doing fine. Once people start using £50 notes regularly then we can think about introducing a £100 note, but I doubt that's going to happen due to the digitisation of money and limiting the max note value is seen as a good measure against trafficking hence why there's calls to phase out the higher value euro notes.(Original post by CreamyChocolate)
Very very high according to The Bank of England calculator
£5 in 1990 is worth £10.25 in 2015
That is 2.9% inflation every year
Or does it play no part?