Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will have urgent discussions with the Financial Conduct Authority on proposals to allow unlimited contactless card payments.

Decisions on contactless limits are a matter for the FCA, which is independent of the Government. On September 10, the FCA launched a consultation on its proposals to introduce a new risk-based approach to contactless payments, allowing payment service providers greater flexibility to determine their approach to contactless payments where they identify there is a low risk of fraud.

The FCA’s consultation remains open until 15 October. Further details on the FCA’s proposals can be found on their website: https://www.fca.org.uk/publication/consultation/cp25-24.pdf