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"I am not and will never allow myself to be a piggy bank for anyone to shake," he told reporters.

With his crypto wealth growing by billions in recent months, Trump could take over Crypto.com Arena in downtown Los Angeles and turn it into a personal piggy bank.

DeMaio has argued the state wouldn’t need to break open its piggy bank if Democrats cut healthcare for undocumented immigrants.

He accused the government of "treating the taxpayer like a piggy bank".

But many retailers have criticised the move, and on Sunday the boss of M&S, Stuart Machin, said retailers were being "raided like a piggy bank" given the changes to various taxes.