Financial Conduct Authority: Mergers — Written Question

Question

Mr Richard Holden

Conservative — Basildon and Billericay

To ask the Chancellor of the Exchequer, with reference to the press release entitled Regulator axed as red tape is slashed to boost growth, published on 11 March 2025, what the estimated reduction in staff numbers is from the merger of the Payment Service

Answer

Emma Reynolds

The Payment Systems Regulator (PSR) has carried out important work to support the UK’s world leading payments sector. However, moving forward, the Government wishes to see a more streamlined regulatory environment with minimal overlap between regulators’ ...

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