Bitcoin

This mirrors similar 'tax cut' proposals in the US and EU as politicians grapple with stagnant wage growth, but welfare cuts could suppress disposable income for low-income groups who drive crypto adoption. Crucially, it reveals a policy trap: governments want growth but fear inflation, keeping them from pro-crypto fiscal moves that would boost retail demand.

Reform UK announced a proposal to scrap tax on overtime hours, estimating an annual cost of £5bn to be funded through welfare cuts.