Financial organizers in Britain are declining. Just hours after Prime Minister Sir Kerr Starmer announced plans to cancel a financial organizer in the country, the main monitoring in the city of London announced that it abandons or delayed many of their most controversial proposals.

It faces an attack from the government calling for them to support economic growth, Organizers They are forced on the back foot.

This is the chanting in cityWhere executive officials often complain of excessive organization, but also raises fears of the International Agency for Control over their basic goals to protect consumers and guard the financial crisis.

There are also doubts about whether this week’s movements represent the beginning of a major liberation campaign to enhance growth by opening animal lives in the city, or if the government is dealing with the most obvious goals without doing a lot in favor of the economy.

Starmer announced that the government will consult on the planned legislation To cancel the regulator of payment systemsWhich oversees the main payment networks in the UK, by combining most of its activities with the financial behavior authority.

PSR has been widely criticized for many of its recent decisions, and has already been fully combined with FCA, which is already shared in the headquarters, information technology systems, employee contracts and higher leadership.

The PSR is very small, with only 180 employees and an annual budget of 28 million pounds – compared to more than 5,000 employees and more than 750 million pounds of annual costs in FCA.

When PSR leaders appeared in advance in front of the Mokhtar Treasury Committee on Wednesday, the deputies expressed doubts about the amount of additional growth that will come from the cancellation of an organizer created in 2013 with the aim of enhancing innovation and competition in payments.

“PSR has been created to push growth and now it is canceled to push growth,” said Dam Mig Heller, Chairman of the Committee, who raises a smile from the PSR chair.

PSR was severely criticized by payment companies to enter a mandatory payment system for payment victims of payments last year. But MPS congratulated it on Wednesday because of its numbers, which show consumer complaints about fraud, has decreased and recovery prices have risen since the new rules came last year.

Another mark on how the organizers put the defense, FCA said on Wednesday that it was giving up two of the most controversial proposals – one to “Name and shame” More companies you achieve and the other to impose tougher rules for diversity and inclusion on companies.

Both plans prompted a violent reaction between politicians and executives, which made them clear candidates for organizers looking for policies to show the government that they are receiving calls to support growth seriously.

“It is clear that growth and competition affects the direction of traveling to the organizers,” said Chantal Peters, a partner at the TLT law office.

“The dual policy showed by the double policy of Watchdog showed that it is important to” listen carefully “and avoid the” incoming “rules with legislation. The Control Authority also delays plans to introduce rules on non -financial misconduct, such as sexual harassment, and several months until June.

But Rathi also rejected the idea that her recent movements were an introduction to a broader decomposition leadership that could make consumers more exposed to fraud and poor sale. He said: “I do not want to suggest in any way to resign in any way from the basic consumer protection state,” and he refused to comment on speculation that he could leave FCA when his term ends for five years in September.

Sam Woods, Rathi and PRA coach, said their decision to drop plans for strict rules on revealing more data on diversity and integration was largely driven by the fact that the government was providing legislation in this field that risks interference with any rules.

The city’s companies were highly welcomed by the organizational decline.

“During the past six months, we have seen the Bank of England and FCA this goal and set their commitment to innovation and growth,” said Adam Gagan, head of government affairs at Fintech Drocist, adding that the cancellation of PSR “will make it easier for the next generation of British photo to start and expand its scope.”

PSR “has” sealed its fate a lot by continuing to ignore the advice of industry “on fraud. The organizer was forced to reduce the threshold of sums recovered from fraud from 415,000 pounds to 85,000 pounds last year after a stir from the sector.

Some government government monitors worry to hinder growth by causing the rules makers to be disrupted.

Naresh Aggarwal, director of the Capital Secretary Association, warned that the merging of PSR with FCA “would be a lost chance if this is just a rename or even worse than that led to consultations that slow down important progress in the support companies and the broader targets of growth.”

There are already signs that getting rid of people working in the organizers. PSR has lost many senior employees in the weeks before the government’s decision. Her chief of policies, Kate Fitzgerald, resigned alongside Anthony Beryram, the first manager who leads his controversial review of the exchange fees, which was recently subject to a Legal challenge by payment companies.

One of PSR employees said he was “the most functional workplace in which she worked” and praised his integration plans with FCA. “PSR, like a lot of public bureaucracy in Britain, was not simply to rise to the challenge he faces and lacks the critical bloc, mature rule, and sufficient field experience to perform its functions efficiently and effectively.”