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All of which only shows that you can get Wikipedia to tell you anything you want to hear.
Try the Bank of England - "Banknotes are payable in Pound Sterling to the bearer on demand. In England and Wales it is not legal for anyone other than the Bank of England to issue banknotes. In Scotland and Northern Ireland certain commercial banks are authorised under the Banking Act 2009 to issue banknotes alongside the Bank of England. Scottish and Northern Ireland banknotes are fully backed with Bank of England banknotes, coin or interest bearing accounts with the Bank of England. No other entity, including the promoters of local currency schemes, may legally issue banknotes."
Try the Bank of England - "Banknotes are payable in Pound Sterling to the bearer on demand. In England and Wales it is not legal for anyone other than the Bank of England to issue banknotes. In Scotland and Northern Ireland certain commercial banks are authorised under the Banking Act 2009 to issue banknotes alongside the Bank of England. Scottish and Northern Ireland banknotes are fully backed with Bank of England banknotes, coin or interest bearing accounts with the Bank of England. No other entity, including the promoters of local currency schemes, may legally issue banknotes."