Payments
2026-05-28 · Treasury · 4945 · Official question
Question
To ask the Chancellor of the Exchequer, what steps her Department is taking to support the creation of a domestic payments system.
Answer
The UK has long been a global leader in payments, being one of the first countries to establish a system for near instant digital payments with the launch of Faster Payments System in 2008. The Government wants to ensure the UK is ready and able to seize ...