The Daily T

Liz Truss: The Blob is infiltrating Reform

Jan 29, 2026
Liz Truss, former UK prime minister known for her brief 2022 tenure and free-market stance, talks about China and concerns over spying and trade. She describes how government experience radicalised her and criticises powerful institutions like the Bank of England and the BBC. She warns that establishment elements are trying to infiltrate Reform UK and debates whether reformers should engage with Conservatives or form a new path.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

State Capture From The Top

  • Liz Truss says serving at the top radicalised her view of a captured administrative state.
  • She argues modern Britain gives too much power to unelected technocrats who set guardrails against elected ministers.
ANECDOTE

The Mini‑Budget Sabotage Claim

  • She recounts the mini‑Budget episode where the Bank of England sold £40bn of gilts the night before her statement.
  • Truss says the Bank and establishment blamed her while avoiding accountability for regulatory failures.
INSIGHT

Guardrails Versus Democracy

  • Truss frames independent institutions as a democratic problem when they block elected mandates.
  • She calls judges, Keynesian economists and other unelected actors a technocracy setting unacceptable policy guardrails.
Get the Snipd Podcast app to discover more snips from this episode
Get the app