PRESS: UK payments watchdog could be abolished? Sky News

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Ministers are considering to scrap the UK’s Payment Systems Regulator and fold it into the Financial Conduct Authority, Sky News reported Saturday.

If confirmed, it would be part of a crackdown on UK’s economic regulators by Prime Minister Keir Starmer and Chancellor Rachel Reeves who aim to cut red tape and boost economic growth.

A decision on the UK payments watchdog is expected in principle within weeks.

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