Former British Prime Minister Liz Truss said the UK economy is heading in a “very negative direction” due to currency devaluation and the lack of a robust monetary system, while also expressing interest in and support for Bitcoin .
The statement was quoted by CoinDesk on April 18th. Truss argued that prolonged inflation and monetary expansion have eroded the value of the British pound, an issue that has not been sufficiently discussed in government and academia.
The former British Prime Minister said Bitcoin could be a tool against currency devaluation and excessive centralized control. She also criticized high taxes, strict regulations, and high energy costs that are stifling business activity, making Britain "poorer and poorer."
Regarding the “mini-budget” scandal that rocked the markets during her tenure, Truss argued that it exposed underlying weaknesses in the financial system, rather than being the root cause of the problem. After leaving the Prime Minister's office, she continued to promote initiatives such as CPAC UK and emphasized that Britain was facing a choice of “change or recession”.
