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Scotland's child poverty targets are legally binding, and missing them by a wide margin highlights the growing pressure on public finances across developed economies. This comes amid a global trend of rising social spending needs, which may lead to higher taxes or debt issuance, potentially weakening fiat currencies and boosting alternative stores of value like Bitcoin.

The Joseph Rowntree Foundation warns that Scotland is on course to miss its legally-binding child poverty targets by a wide margin, calling for radical change.