The value of the domestic sector is estimated at GBP 7 billion, with approximately 60,000 people employed in it throughout the country. Following the completion of the investigation, a report will be presented to HM Treasury at the beginning of 2021. Initially detailed in March’s Budget 2020, the review is set to explore ways in which the industry, regulators, and policymakers can work together to ensure the continued success of UK-based fintech.
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