Written Question·Treasury·UIN 37530

Payment Systems Regulator

Tabled: 12 March 2025

Answered: 19 March 2025

Question

Sir John Hayes

Conservative — South Holland and The Deepings

To ask the Chancellor of the Exchequer, what estimate she has made of the potential savings to the public purse for abolishing the Payment Systems Regulator.

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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