Liz Truss Sounds Alarm on UK Economic Decline, Champions Bitcoin as a Solution

Former UK Prime Minister Liz Truss has issued a stark warning about the country's economic trajectory, linking its struggles to monetary policy failures and advocating for bitcoin as a potential remedy. In a recent interview, Truss highlighted the UK's rapid relative impoverishment and criticized the lack of debate around sound money.

The Economic Warning

Truss, who served as prime minister for just 45 days in 2022, stated that the UK economy is on a "very negative trajectory" and faces long-term decline. She attributed this to high taxes, excessive regulation, and rising energy costs, which she claims create disincentives for entrepreneurs. "We are getting relatively poorer, very quickly," she emphasized, pointing to weak growth and increasing state control.

Bitcoin as a Tool Against Debasement

A key part of Truss's critique focuses on currency debasement—the erosion of sterling's value due to inflation and money printing. She argued that many economic problems stem from this lack of sound money, describing the absence of monetary policy discussions in government as "quite sinister" and a taboo. Truss revealed she is "very interested" in bitcoin, which she first encountered while working at the Treasury, where she mentioned it to "shake things up." She views bitcoin as a tool to push back against centralized control and financial independence limitations.

Reflections on the Mini-Budget Fallout

Truss defended the 2022 mini-budget under Chancellor Kwasi Kwarteng, which led to market turmoil during her premiership. She maintained that it exposed hidden fragilities in the system, such as leveraged pension strategies, rather than causing the issues. "There was a tinderbox in the system that people didn’t know about," she said.

Launching CPAC UK

Now out of government, Truss is focusing on building a political movement, including the launch of CPAC UK, a three-day conference aimed at uniting activists and entrepreneurs around "sovereignty and liberty" themes. She framed the stakes bluntly: "There are two choices, either we’re finished or we change it." This initiative seeks to address what she sees as a need for broader economic reform and decentralization.