Ex-UK Prime Minister Warns of Economic Downturn, Expresses Support for Bitcoin

The UK's former Prime Minister, Liz Truss, has stated that the country's economy has been stagnant for decades, with many problems stemming from a lack of sound monetary policy and the devaluation of the currency due to inflation and excessive money printing. Truss, who served as Prime Minister for 45 days in 2022, believes the current financial situation has strengthened her interest in bitcoin, which she views as a potential tool against currency devaluation. She first encountered bitcoin during her time at the Treasury and mentioned it to stimulate discussion. Truss expressed concern over the centralization of control and the limitations on financial independence imposed by regulation and taxation, positioning bitcoin as part of a movement to counter this trend. She warned that the economy is on a 'very negative trajectory,' driven by weak growth, rising state control, and the failure of monetary policy. Truss pointed to high taxes, regulation, and energy costs as significant disincentives for entrepreneurs, resulting in a decline in the country's wealth. Reflecting on the fallout from the 2022 mini-budget, she argued that the resulting market turmoil exposed underlying fragilities rather than causing them. Truss is now focused on building a political movement, including the CPAC UK conference, which aims to bring together activists, entrepreneurs, and voices from the 'sovereignty and liberty' movement to drive change.