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 experiencing stagnation 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 that the current economic situation has strengthened her interest in bitcoin, which she sees as a potential tool against currency devaluation. She first encountered bitcoin during her time at the Treasury and has since become "very interested" in the cryptocurrency. Truss argues that the UK's economic problems are largely due to the debasement of its currency and the lack of sound money, and that the absence of meaningful debate around monetary policy in academia and government has become "sinister." She warns that the current system is designed to increase centralized control and limit financial independence, and sees bitcoin as part of a broader pushback against this trend. Truss believes that the UK's economy is on a "very negative trajectory," with the country facing long-term decline driven by weak growth, rising state control, and the failure of monetary policy. She points to high taxes, regulation, and energy costs as major disincentives to entrepreneurship, stating that "the risk often is not worth the reward" and that "there's a massive disincentive to work in this country." Truss also reflects on the fallout from the 2022 mini-budget, which she believes exposed hidden fragilities in the system rather than causing them. She 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. Truss frames the stakes bluntly, stating that "there are two choices, either we're finished or we change it."