Bitcoin

Reform UK's proposed £50bn welfare savings, if implemented, would be a significant fiscal consolidation effort. In a macro environment where central banks are wary of inflation, such plans could support bond yields and strengthen the GBP, potentially drawing capital away from speculative assets like crypto. However, the plan is not yet detailed, and its political feasibility is uncertain, so the market impact remains muted.

Reform UK announced plans to overhaul the welfare system with £50bn in savings, with a full 50-page plan to be released on Monday.