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

The UK's former Prime Minister, Liz Truss, has expressed concerns that the country's economy is heading in a "very negative trajectory" due to decades of stagnation. She attributes many of these issues to a lack of sound monetary policy and the devaluation of the British currency. Truss, who served as Prime Minister for 45 days in 2022, has become increasingly interested in bitcoin, viewing it as a potential tool to combat currency devaluation. Her interest in the cryptocurrency began during her time at the Treasury, where she first encountered it as a way to "shake things up." Truss believes that the current financial system is geared towards centralized control, limiting financial independence through regulation and taxation. She sees bitcoin as part of a broader movement to push back against this trend. The former Prime Minister warns that the UK faces long-term decline driven by weak growth, rising state control, and failed monetary policy. She points to high taxes, regulation, and energy costs as major disincentives for entrepreneurs, resulting in a decline in the country's overall wealth. Truss reflects on the market turmoil that followed the 2022 mini-budget, arguing that it exposed underlying fragilities in the system rather than causing 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. She emphasizes the need for a movement that understands the problems facing the country, framing the stakes as a choice between accepting decline or driving change.