In and around London the majority of roads are now 20mph thanks to Ghengis Khan leaning towards cycle and foot and hatred of cars.
Ealing for example is now almost 100% 20mph except for the major highways not under council control.
Some roads do have new signs but others just have a 20 painted on the road surface at frequent intervals and some of those are wearing out. I suppose if it becomes a mandatory default setting then signage may have to change.
I suppose it's the same for 50, 60 and 70mph roads that are just designated as 'national speed limit' dependent on number of lanes, central barrier, etc.