When Rachel Reeves appeared at a Revolut corporate event to announce £110bn in fintech investment, few noticed the extraordinary symbolism. Here was the Chancellor of the Exchequer showcasing a company under active Financial Conduct Authority restrictions for failing to properly handle fraud—restrictions that prevent Revolut from operating as a fully trusted banking institution. Yet Treasury was presenting it as the crown jewel of UK financial services success. This wasn’t awkward optics. It was a signal: in the new economic model being constructed across Britain, institutional integrity is subordinate to investment announcements.

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