Former British Prime Minister Liz Truss has issued a dire warning that the UK and the European Union must abandon their current globalist policies or face severe economic consequences. Speaking to Fox Business, Truss outlined how high taxes, strict regulations, and dependence on China have created an unsustainable economic environment, urging Europe to follow the lead of President Donald Trump in order to prevent a financial catastrophe.
Truss cited the UK’s record-high energy prices and the highest taxes in 70 years as indicators that the current economic policies are failing. She explained that while taxes continue to rise, government revenues are stagnating, leading to a stagnant economy. “If Europe doesn’t change, if the UK doesn’t change, we are facing decline,” Truss warned.
Liz Truss: Britain needs its own Donald Trump.https://t.co/RrHvxzoajv
— POLITICOEurope (@POLITICOEurope) November 18, 2024
She pointed to Trump’s economic success, including deregulation and energy independence, as a model for the UK and Europe to emulate. By pursuing fracking and taking a tough stance on China, Trump significantly reduced energy costs and strengthened the U.S. economy. “President Trump is showing the way,” Truss said, urging European leaders to recognize the need for bold, market-driven policies.
Truss also discussed how Trump’s second term would “turbo charge” the U.S. economy, putting pressure on European leaders to shift their economic strategies. She argued that the people of Europe and the UK are ready for change, citing the 2016 Brexit referendum, but said their desires have been thwarted by a powerful political class.
.@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 brief premiership, Truss attributed her downfall to opposition from Britain’s financial and political elites, who resisted her pro-growth policies. She pointed out that Rishi Sunak, who had been rejected by voters, was ultimately chosen over her. “Just like America, we have an overpowered bureaucracy,” Truss said, calling for dismantling bureaucratic structures in both the UK and the U.S.
Despite the challenges, Truss remains optimistic, pointing to the example of Argentina’s economic reforms under Javier Milei as evidence that radical change can succeed even in the most difficult of circumstances.
