Former British Prime Minister Liz Truss has issued a stark warning to the UK and Europe, urging them to abandon their leftist-globalist economic policies or face financial disaster. In an interview with Fox Business, Truss criticized the current policies of high taxes, stringent regulations, and an over-reliance on China, claiming they are pushing the economies of Europe and the UK toward stagnation and eventual collapse.
Truss pointed to the UK’s skyrocketing energy prices and the highest taxes in decades as clear indicators of an economy in trouble. She warned that while taxes are increasing, revenue is not keeping pace, leading to economic stagnation. “The economies are stagnating,” Truss said, suggesting that without a fundamental shift, the West will face a financial crisis.
Liz Truss: Britain needs its own Donald Trump.https://t.co/RrHvxzoajv
— POLITICOEurope (@POLITICOEurope) November 18, 2024
Drawing on the success of President Trump’s policies, Truss praised his approach of deregulation, energy independence through fracking, and a tough stance on China. She argued that Trump’s leadership has demonstrated that pro-growth policies can revive an economy, and Europe and the UK must follow suit to avoid a prolonged decline. “President Trump is showing the way,” Truss stated.
Truss further predicted that a second term for Trump would “turbo charge” the U.S. economy, creating a model for Europe to follow. She noted that while European leaders have resisted change, the public’s desire for a different direction was clear during the Brexit referendum. However, Truss believes the political elite in Europe and the UK have thwarted the will of the people.
.@realDonaldTrump's victory wasn't just a win for the people over the elite.
It was a win for the US economic model over European stagnation.
I write in the @WSJ about American leadership in taking on taxes, regulation and ‘the blob’.👇https://t.co/OHkzkVFpPH
— Liz Truss (@trussliz) November 13, 2024
Reflecting on her time as Prime Minister, Truss claimed that her economic agenda was sabotaged by Britain’s financial and political elites. She criticized the establishment for undermining her tax cuts and pro-growth policies and ultimately forcing her out in favor of Rishi Sunak. Truss called for the dismantling of bureaucratic systems in the UK and the U.S. to allow for more effective governance.
Despite the slow progress in Europe, Truss expressed hope, pointing to Argentina’s radical reforms under Javier Milei as an example that change is possible even in the most challenging situations.
