Watchdog UK payments as a part of UK’s anti-regulatory drive

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Britain’s payments Watchdog, Sir Keir Starmer will be canceled as part of the driver to increase or combine some patches of 130 regulators.

The Prime Minister will help breaking the regulators of payment systems and reduce the complexity of the UK regulatory system and reduce complexity and stop its activities for innovation, investment and growth.

“For a long time, the previous government hid behind the regulators – the postponement of decisions and the postponement of decisions and blocks of meaningful growth in this country,” Starmer said on Tuesday.

A 160 employees and the option of the PSR, which is already an office with great workers and FCA, is a sign of difficulties that make the starmer’s back regulation meaningfully.

Starmer, the ministers said that all regulators could be a test because the objects could be axis. “It’s never been as easy as thought,” said a high civil servant.

According to the Prime Minister, after the end of this week, the more “agile state” then spoke about the “flexible state” then the regulatory cull victims are not expected.

The PSR, which is 28 million pounds for the current fiscal year, is to combine the government with FCA after the initial legislation to ensure the change. Britain’s financial regulator will save the powers of the payment agency after the unification.

Some officials will be worth this when the PSR is officially violated by the landslide process and the fCA subsidiary of the time consuming process.

The PSR is located in the same headquarters of the FCA in East London’s Stratford city. Since last year, CATEHERGDOG’s CATEHI director David Geaale was headed. The government is more responsible for payments to FCA in the last few months.

The former FCA chair, the regulators of the compound regulators, “I do not think that I do not think that this parliament will do not pay back in the life of this parliament.”

“It has been doing the same in the end of the two years, in the end of the two years, while people wear different icons,” he said.

Enterprises have complained of several PSR decisions in recent years, and their critics have found a guard of several other countries.

In order to promote innovation and competition in the established sector in 2013, the PSR was subjected to the road to the forgery of the forgery of payments last year.

The proposed banks will have to pay the victims of the banks to £ 415,000. Heavy lobbying has eventually reduced it again, rubbed the limits to £ 85,000 in the eleventh hour.

Visa and Revolut last week Legal problems He overturned his powers with the proposed cap offered on international operating fees.

Consumer Group Fairer Finance Head James Daley, the PSR “has been widespread as a regulator,” said, “It will not be such a leap” for most of its folding fca.

Underground Minister John Glen, the previous conservative government, said he fed the desire to reduce the number of regulators, but “all changes rarely violate a useful violation.”

The British government said that unless the legislation of the legislation will continue to join the legislation to connect the legislation by law.

Starmer wrote several regulators in late last year and asked them to offer growth measures. In January, the ministers pushed their powers to pay enough attention to grow after increasing the competition and the authority of markets.

The ministers also push for the change in the financial ombudsman’s service, which manage consumers’ sector complaints, and they are trying to be quickly soon. Recently, the CEO of FOS is the chairman and chair Because of the lower gone This summer.

Chancellor Rachel Reeves said the PSR is a more widespread driver of the regulatory system of the regulatory system “tense of the” adjustment system “that is aggravated to the point of suffocation of innovation, investment and growth.

Nikhil Rathi, FCA CEO, said that the two regulators connect the merger of the two regulators, “the next step to clarify a coordination and regulatory rules.”

PSR said: “Legislation will take time, but we do not need to wait to realize the benefits of a more corrected regulatory approach.”