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"Penny Lane" is a song by The Beatles, principally written by Paul McCartney and credited to Lennon...

"Penny Lane" is a song by The Beatles, principally written by Paul McCartney and credited to Lennon/McCartney. Recorded during the Sgt. Pepper sessions, "Penny Lane" was released in February 1967 as one side of a double A-sided single, along with "Strawberry Fields Forever". The song was later included on the Magical Mystery Tour LP (1967). The single was the result of the record company wanting a new release after several months of no new Beatles releases. In 2004, Rolling Stone ranked the song at #449 on its list of the 500 Greatest Songs of All Time. The song's title is derived from the name of a street in the band's hometown, Liverpool. The area that surrounds its junction with Smithdown Road is also commonly called Penny Lane. Locally the term "Penny Lane" was the name given to Allerton Road and Smithdown Road and its busy shopping area. Penny Lane is named after James Penny, an 18th century slave trader. McCartney and Lennon grew up in the area and they would meet at Penny Lane junction in the Mossley Hill area to catch a bus into the centre of the city. The street is an important landmark, sought out by most Beatles fans touring Liverpool. In the past, street signs saying