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Should the UK’s payments regulator be shut down? There’s a strong case for yes

By Phoebe Seers ( February 24, 2025, 16:01 GMT | Comment) -- The UK is unusual in having a dedicated payments watchdog. But for how much longer? Reports suggest that the Payments Systems Regulator — established in 2013 to tackle the dearth of competition in the payments landscape — might be in the firing line in the government's hunt for ways to cut red tape and boost economic growth. The arguments that its existence means duplicated work and extra cost are compelling.The UK is unique among developed countries in that it has a regulator dedicated exclusively to payments; one established to tackle the dearth of competition in the landscape....

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