Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of consolidation trends in the fintech sector; and what steps they will take to support UK-based fintech firms in maintaining global competitiveness.

As set out in the Government’s Financial Services Growth and Competitiveness Strategy (“the Strategy”), the UK aims to be the world’s most technologically advanced global financial centre, and to remain a leading jurisdiction for Fintech firms to start-up, scale and list.

The UK has a long history as a powerhouse of financial services innovation. The Strategy set out a comprehensive package of reforms to maintain the UK’s global leadership in fintech. The sector attracted $3.6 billion of investment in 2025 - second only to the US.