The Peter McCormack Show #164 - Liz Truss - Why It Doesn't Matter Who You Vote For
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Apr 10, 2026 
Liz Truss, former UK prime minister known for pro-growth, small-state views, discusses why entrenched institutions limit politicians. She describes an establishment consensus, claims institutional resistance to her agenda, and urges building a movement and infrastructure to enact rapid change. Short, provocative takes on who really holds power and how Britain might be reversed.
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Establishment Blob Drove 25 Years Of Stagnation
- Liz Truss identifies a 25-year stagnation driven by an establishment 'blob' whose Keynesian worldview dominates UK policy.
- She traces the blob's beliefs to post-1960s politics, embedded in institutions and reinforced by elites, asset managers, and Davos networks.
Why Truss Says She Was Vindicated
- Truss argues she was attacked because she challenged the blob's core economics, like QE and the Laffer curve.
- She says mainstream Treasury and Bank of England Keynesianism oppose monetarist fixes such as tax cuts and energy opening.
Being Pushed Out In 2022
- Truss recounts being effectively forced out: she says she got a 'gun put to my head' and MPs would have voted her out next day.
- She claims institutional sabotage like the Bank of England selling gilts the night before her budget.