Yellow Submarine model at Penny Lane Development Trust, 70 Penny Ln, Liverpool, Merseyside, England, UK, L18 1BW

"Penny Lane" is a song by the English rock band the Beatles that was released in February 1967 as a double A-side single with "Strawberry Fields Forever". It was written primarily by Paul McCartney and credited to the Lennon–McCartney songwriting partnership. The lyrics refer to Penny Lane, a street in Liverpool, and make mention of the sights and characters that McCartney recalled from his upbringing in the city. The Beatles began recording "Penny Lane" in December 1966, intending it as a song for their album Sgt. Pepper's Lonely Hearts Club Band. Instead, after it was issued as a single to satisfy record company demand for a new release, the band adhered to their policy of omitting previously released singles from their albums. The song features numerous modulations that occur mid-verse and between its choruses. Session musician David Mason played a piccolo trumpet solo for its bridge section 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