Prime minister Sunak led the country to the UK, and his dream to make the UK a Crypto Hub is breaking apart considering the main system is ignoring the whole concept of what the PM stated in the first place.
With the recent news, UK banks are not accepting any Crypto-associated users and companies to open their bank accounts with them, banks are also freezing the accounts of current users/companies, and those who have accounts already approved, are asking for more and more documentation.
In short, they do not want anyone to operate crypto-related accounts.
Banks are afraid of cryptocurrencies and it is not a new thing for us to know, no matter which country it is, the banks will never happily accept users who are in any way involved in cryptocurrencies because banks and cryptocurrencies are basically rivals, and how can rivals operate within the same model or allow its rival to invade its territory?
I'm not sure whether the banks are answerable to the Prime Minister or not, but if they are, then there might be changes occurring later on since the PM has a different point of view on cryptocurrencies.