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Bitcoin

The hospitality industry is a bellwether for discretionary spending; its struggles amplify recession fears already priced into risk assets. A potential VAT cut would be a targeted fiscal measure, but its absence could accelerate business closures and job losses, further depressing economic sentiment. For crypto, this reinforces the macro headwind of a slowing UK economy, though direct correlation is weak.

Top UK chefs called for a 10% VAT cut for pubs and restaurants to ease mounting pressure on the hospitality industry.

UK Chefs' VAT Cut Plea Flags Economic Strain That Could Strengthen Bitcoin's Case

UK Chefs' VAT Plea Signals Broader Economic Weakness That Could Force Central Bank Pivot, Boosting Bitcoin as Inflation Hedge

Eurozone Firms Raise Cost Expectations After US-Iran War, ECB Survey Shows

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