Reeves ‘eyes £5bn windfall from sale of seized cryptocurrency’
Rachel Reeves is eyeing up a £5bn pre-Budget windfall as the government considers selling off seized cryptocurrency to plug a hole in the public finances. The Home Office is reportedly working with police forces to offload at least £5bn worth of Bitcoin and other currencies taken from criminals.It is planning to develop a storage system for the currencies to handle their sale, it has emerged, as concerns about Labour’s spending plans mount ahead of the autumn Budget. Rachel Reeves needs to find billions to balance the books ahead of her Budget this autumn More