Bank of England Governor Blocks Meeting Over Revolut License Amidst Political Pressure
London, UK – july 30, 2025 – A planned meeting between representatives from Revolut, the Bank of England, the Treasury, and financial watchdogs was abruptly cancelled after intervention from Bank of England Governor Andrew Bailey. The move raises concerns about potential political interference in the self-reliant process of granting Revolut a full UK banking licence, and comes as the government actively courts the fintech giant to list on the London stock Exchange.
The meeting, initially scheduled for the past few weeks, was intended to facilitate discussions surrounding Revolut’s long-awaited application for a full banking licence. However,Governor Bailey intervened,citing the need to protect the Bank of England’s