Crypto Currency or could be likened to the Emperors new Clothes! you cannot see either !

Here’s a breakdown of why Nigel Farage and his party Reform UK appear to be pivoting away from big tax-cuts and instead emphasising spending cuts — and why they’re embracing crypto/digital-asset support.

Why the shift away from large tax-cuts

Fiscal credibility concerns
Reform UK had previously pledged large-scale tax cuts (≈ £90 billion) in their 2024 manifesto: raising the income-tax personal allowance to ~£20,000, reducing corporation tax, abolishing inheritance tax on estates under £2 m, etc.

However, the party is now saying those cuts are unrealistic given the current state of public finances. For example:

“We understand that substantial tax cuts, given the dire state of our debt and (of) our finances, are not realistic at this current moment in time.”

They’re thus repositioning to first reduce government spending/borrowing so they can gain economic credibility and then revisit tax cuts.

Shift in strategy: spending control first
Farage is now emphasising that the state must rein in spending (public sector pensions, remote working in public sector, benefit reforms, etc.) and ‘get the economy growing’ before promising large tax cuts.

The message: tax cuts are still a goal, but only after the fundamentals are stabilised.

Responding to criticism and economic realism
Analysts flagged that the earlier tax-cut pledges did not “add up” financially. Economists said the numbers were unrealistic.

Farage appears to be attempting to present a more disciplined economic image — to persuade voters and markets that Reform UK could govern responsibly.

Why the enthusiasm for cryptocurrency / digital assets

Pro-business, deregulation focus
Farage and Reform UK are emphasising deregulation in the financial sector, especially in digital assets. For example, at a crypto conference Farage said he wanted to “regenerate” the UK’s position in the trade of digital assets and criticised the Bank of England for holding Britain back in this area.

He sees the crypto/digital-finance space as a growth area and a way to make London a more competitive global hub.

Attracting capital & “flight of brains”
One of the rationales given: the UK is losing capital and top talent (“flight of capital, the flight of brains”) because of regulatory burdens and lack of innovation. Reform’s crypto/digital-asset agenda is pitched as part of reversing that.

The idea is: encourage innovation, digital finance, crypto investment to boost growth, tax base, jobs.

Targeting a new voter market and agenda shift
By embracing crypto, reforming digital-finance regulation, etc., Farage signals that his party is not only about traditional issues (migration, sovereignty) but also about technological change, entrepreneurship, modern finance. This has electoral appeal among younger voters or those in the fintech/digital sector.
For instance, Reform UK’s draft “Cryptoassets and Digital Finance Bill” proposes things like: capital gains tax on crypto assets being cut to 10% and a “bitcoin reserve” at the Bank of England.

Putting the two together: how these fit into a coherent (or semi-coherent) strategy

The shift away from immediate large tax cuts allows Farage to claim fiscal seriousness and avoids the criticism of being fiscally reckless.

Meanwhile, championing crypto & digital assets gives a forward-looking growth story: less regulation, more innovation, new investment flows.

The narrative: first restore fiscal stability → then enable growth (via deregulation, digital finance) → then consider tax cuts once the economy is stronger and borrowing is under control.

The combination also helps reshape Reform UK from being seen only as a populist party to being seen as pro-business, pro-innovation, while still appealing to “working class” voters by saying: we’ll reduce waste, make government leaner, and create high-paid jobs from tech/finance.

Key caveats & tensions

Dropping big tax cuts while promising spending cuts may be seen by some voters as moving towards austerity, or breaking earlier promises. Indeed, critics accuse Farage of “taking us back to austerity”.

The feasibility of the promised spending cuts (and of the digital-finance growth story) remains uncertain. Some of the claimed savings (e.g., reversing net-zero commitments) have been criticised as partly private-sector investment, not public-spending reductions.

While crypto promises might excite some voters, they may be distrusted by others (especially given concerns about volatility, regulation, consumer protection). It also risks being seen as favouring investors rather than ordinary workers.

Bottom line

Farage is repositioning his economic agenda: instead of immediately trimming taxes dramatically, he’s emphasising fiscal responsibility and spending cuts first, while simultaneously promoting a growth-and-innovation agenda centred around deregulation and crypto/digital finance.
The move appears aimed at improving Reform UK’s economic credibility, appealing to pro-business/digital-economy voters, while still holding out the possibility of tax cuts in the future — once the finances are in better shape.