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Reeves and Bailey 'clash over blocked meeting'
Western Mail
|July 30, 2025
THE governor of the Bank of England has reportedly blocked a meeting planned by Chancellor Rachel Reeves to address the regulation of Revolut, in a sign of potential friction between the Government and the central bank.
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‘The Chancellor had sought to set up a three-way meeting for Treasury officials, the fintech business and the Bank of England’s Prudential Regulation Authority, with regulates UK banks. It is understood the Chancellor is pushing for Revolut to be fully
This story is from the July 30, 2025 edition of Western Mail.
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