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

The UK's economy has been experiencing stagnant growth for decades, according to Liz Truss, the country's shortest-serving prime minister, who attributes many of the problems to 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, has become increasingly interested in bitcoin, viewing it as a potential hedge against currency devaluation. She first encountered bitcoin during her time at the Treasury, where she served as Chief Secretary for about two years until July 2019. Truss believes that the lack of meaningful discussion around monetary policy in academia and government has become 'sinister' and that the current system is designed to increase centralized control and limit financial independence. She positions bitcoin as part of a broader movement to push back against this trend. The UK's economy is on a 'very negative trajectory,' Truss warns, driven by weak growth, rising state control, and poor monetary policy decisions. She argues that the country is experiencing a decline in prosperity, with high taxes, regulation, and energy costs discouraging entrepreneurship. Truss reflects on the market turmoil that followed the 2022 mini-budget, which she believes exposed underlying weaknesses in the system rather than creating them. Now, outside of government, Truss is focused on building a movement, including the CPAC UK conference, which aims to bring together like-minded individuals to drive change. She emphasizes the need for a movement that understands the problems facing the economy and is willing to push for reform, warning that the alternative is long-term decline.