The Rt Hon Rachel Reeves MP
Chancellor of the Exchequer
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ
11 November 2025
Dear Chancellor,
Joint response from the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) to HM…

The Rt Hon Rachel Reeves MP
Chancellor of the Exchequer
HM Treasury
1 Horse Guards Road
London
SW1A 2HQ
11 November 2025
Dear Chancellor,
Joint response from the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) to HM…