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Former UK Prime Minister sees economy on ‘very negative trajectory,’ indicates support for bitcoin
Truss criticized central banking and defended her mini-budget, suggesting bitcoin and a CPAC UK conference could help push for economic reform.
Apr 18, 2026, 12:00 p.m.
What to know:
- Liz Truss said the U.K. is “getting relatively poorer, very quickly,” blaming high taxes, regulation and weak incentives for growth.
- She linked inflation and inequality to “debasement of our currency,” calling the lack of debate on monetary policy “quite sinister.”
- Now outside government, she is backing bitcoin and launching CPAC UK to build a “sovereignty and liberty” movement.
“A lot of the problems we have are due to debasement of our currency and lack of sound money,” Truss said in an interview with CoinDesk. The absence of serious debate around money in academia and government had become “quite sinister,” and discussions about monetary policy had become “a taboo” within government, despite its central role in driving economic outcomes.
For Truss, bitcoin sits alongside a wider concern about centralization and control. She warned the current system is geared toward increasing “centralized control” and limiting financial independence, particularly through regulation and taxation, and positioned bitcoin as part of a pushback against that trend.
