About this episode

Liz Truss discusses her time as Prime Minister and the long-term challenges facing the UK.

Liz Truss, former Prime Minister of the United Kingdom, joins me to discuss what really happened during her time in office and why she believes the UK is in long-term economic and political decline. We talk about the limits of political power, the role of institutions like the Bank of England, and why she argues that meaningful change is harder than voters realise. Liz also reflects on why she was removed from office and whether Britain can reverse its current trajectory. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 - Who Has Power 00:02:09 - 25 Years Stagnation 00:07:13 - “I Was Vindicated” 00:12:04 - Politicians vs Blob 00:16:52 - Anti-Establishment Movement 00:22:29 - Bank of England Power 00:30:46 - Leadership vs Movement 00:37:20 - How The System Controls 00:46:44 - Who Runs Government 00:54:28 - Reversing The System 01:00:01 - Consequences of Decline 01:04:59 - Debt Crisis Risk - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email –…

People in this episode

Host: Peter McCormack

Guest: Liz Truss

Topics covered

• political power
• economic decline
• institutional roles
• voter perception
• leadership
• government control

Keywords

• Liz Truss
• political decline
• Bank of England
• economic stagnation
• voter impact
• leadership challenges
• government systems

Sponsors

IREN, LEDN, Monetary Metals

Mentioned in this episode

Organizations: Bank of England

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• #166 - Freddie New - How Governments Destroy Money and Empires (The Lessons From Rome) · April 16, 2026 · 1h 12m
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