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Andrew Bailey blocks Rachel Reeves’s meeting with Revolut (www.thetimes.com)
submitted 1 year ago by to c/uk_politics@feddit.uk
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[–] 1 point 1 year ago (1 child)

I haven't seen whether Revolut has had their licence upgraded from limited yet, but that has to be due any day now that they've had their 1 year limited trial to prove operations.

This is the point I don’t really get, if their licence is days away from issue anyway why would Reeves meeting with them be a problem?

No argument from me regarding a wealth/unearned income tax, how this has not be implemented is beyond me. It just reeks of corruption.

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  • [–] 4 points 1 year ago

    This is the point I don’t really get, if their licence is days away from issue anyway why would Reeves meeting with them be a problem?

    Because financial institutions, including the BoE have a lot more on the line, and need to keep reputational appearance even if politicians don't care because they will be out on the streets before the next election.

    What's Reeves hoping to gain from this, while making claims of "cutting red tape"? It sounds like simple political interference, and as such she can fuck off.

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