John Lennon 'Imagine' peace sign bronze statue, by Laura Lian,at the foot of Penny Lane, St Barnabos Church, Liverpool, Merseyside, England, UK, L18

Penny Lane is a road in the south Liverpool suburb of Mossley Hill. The name also applies to the area surrounding its junction with Smithdown Road and Allerton Road, and to the roundabout at Smithdown Place that was the location for a major bus terminus, originally an important tram junction of Liverpool Corporation Tramways. The roundabout was a frequent stopping place for John Lennon, Paul McCartney and George Harrison during their years as schoolchildren and students. Bus journeys via Penny Lane and the area itself subsequently became familiar elements in the early years of the Lennon–McCartney songwriting partnership. In 2009, McCartney reflected: "Penny Lane" was kind of nostalgic, but it was really [about] a place that John and I knew ... I'd get a bus to his house and I'd have to change at Penny Lane, or the same with him to me, so we often hung out at that terminus, like a roundabout. It was a place that we both knew, and so we both knew the things that turned up in the story. Lennon's original lyrics for "In My Life" had included a reference to Penny Lane. Soon after the Beatles recorded "In My Life" in October 1965, McCartney mentioned to an interviewer that he wanted to write a song about Penny Lane. A year later, he was spurred to write the song once presented with Lennon's "Strawberry Fields Forever". McCartney also cited Dylan Thomas's nostalgic poem "Fern Hill" as an inspiration for "Penny Lane". Lennon co-wrote the lyrics with McCartney. He recalled in a 1970 interview: "The bank was there, and that was where the trams sheds were and people waiting and the inspector stood there, the fire engines were down there. It was reliving childhood