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

The UK's former Prime Minister, Liz Truss, has voiced concerns that the country's economy is stagnant and has been for decades, attributing many of its problems to a lack of sound monetary policy and the devaluation of the pound due to inflation and excessive money printing. Truss, who briefly led a Conservative government in 2022, has expressed a strong interest in bitcoin, viewing it as a potential hedge against currency devaluation. She initially encountered bitcoin during her time at the Treasury, where she mentioned it to stimulate discussion. Truss believes that the lack of meaningful debate about money in academic and government circles has become 'sinister' and that discussions about monetary policy have become taboo, despite their critical role in shaping economic outcomes. For Truss, bitcoin represents part of a broader pushback against centralized control and the erosion of financial independence, which she sees as a significant threat. The UK's economy, she warns, is on a 'very negative trajectory,' driven by weak growth, rising state control, and failed monetary policies. Truss points to high taxes, regulation, and energy costs as major disincentives for entrepreneurs, leading to a decline in the country's overall prosperity. Reflecting on the market turmoil that followed the 2022 mini-budget, Truss argues that it exposed underlying vulnerabilities rather than creating them. Now, outside of government, Truss is 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. She frames the stakes as a choice between accepting the status quo and working towards meaningful reform.