Former Prime Minister Winston Churchill will be immortalized on the new £5 note, reports the BBC. The redesigned bills are due to start circulating in 2016, and the new £5 note will feature a 1941 image of Churchill on the reverse of the note, along with his famous quotation: "I have nothing to offer but blood, toil, tears, and sweat." "The spirit of those words remains as relevant today as it was to my parents' generation," said Bank of England Governor Sir Mervyn King. Churchill also appeared on a five-shilling coin in 1965, making him the first commoner to appear on British money. (More Winston Churchill stories.)