Liz Truss has echoed the language of former US president Donald Trump as she called on her party to “make Britain grow again”.
The ex-prime minister, who was ousted from Number 10 after just 44 days following her disastrous mini-budget, made the remark when appearing at a packed out fringe event at the Conservative Party conference.
She said her successor, Rishi Sunak, had made “some progress” in recent weeks, with the watering down of the government’s net zero targets.
But she said he and the chancellor needed to “do more” because “it’s Conservative solutions, it’s Conservative arguments that are popular with the public, but it’s also those arguments that are going to deliver”.
Queues snaked around the Midland Hotel in Manchester to get into the event, with key figures of the right in attendance – from Tory former ministers like Dame Priti Patel and Sir Jacob Rees-Mogg to former Brexit Party leader Nigel Farage.
Image: Liz Truss was greeted by throngs of fans as she appeared at a fringe event in Manchester – pic: Tim Baker
With the discussion hosted by a GB News journalist, Ms Truss began her speech by praising the beleaguered channel, which has hit the headlines over the past week after misogynistic comments on air led to three presenters being suspended.
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“In my view, we need more economic journalism and we need more GB News challenging the orthodoxy, broadcasting common sense and transforming our media landscape, so long may it continue,” she said.
Moving onto her main message, the former leader said it was up to the government to “make life easier and better for families across our land”, claiming there were three things they could do now to “really change the agenda – “axing the tax, cutting the bills and building the homes”.
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With tax, Ms Truss reiterated her call to reduce corporation tax to 19% – a move she attempted in her short tenure that led to market turmoil – saying: “What we know is that economic growth and making Britain grow again is not going to be delivered by the Treasury, it’s not going to be delivered by more public spending.
“It’s going to be delivered by giving businesses the freedom they need to succeed.”
To cut bills, she revived her previous policy to drill for shale gas in the UK – despite questions over its safety and effectiveness – saying: “Some will say using our own gas is not environmentally friendly, but how environmentally friendly is it to rely on regimes abroad, who often have very poor records for our gas, to ship that gas into the United Kingdom, often at both environmental cost and financial?
“We are sitting on 50 years worth of sustainable gas. Can you imagine if we unleash that, what that would mean for households, what that would mean for businesses?”
And on building homes, Ms Truss called for a 500,000 a year target to be met, adding: “That won’t just mean people will find it easier to get into a home.
“People will find it easier to start a family because there will be more affordable housing. Employers will find it easier to employ people somewhere because their workers can afford homes.
“It will also save the government money…. because we will cut our housing benefit bill [and] we won’t need to intervene so much in the housing market because we are making the prices cheaper and that is fundamental to what these reforms should be about.”
She conceded her plans were “not necessarily easy for us to do”, but added: “We need to be prepared to do the difficult things because that is what will make Britain grow again.”
Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets.
Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507.
It has since rebounded to around $94,209, CoinGecko data shows.
Bitcoin’s price information, including the change in price since Jan. 1, 2025. Source: CoinGecko
This year was tipped to be a strong one for the crypto markets after US President Donald Trump was inaugurated on Jan. 20 and formed the most pro-crypto administration to date, which has followed through on most of his promises.
However, Trump’s war on tariffs and the US government shutdown — the latter of which ended on Thursday after a record 43 days — have contributed to multiple double-digit Bitcoin price pullbacks throughout the year.
Bitcoin whales have also slowed price rallies
Another key catalyst seen behind Bitcoin’s price slump has been OG Bitcoiners and whales selling off portions of their holdings, compressing upside even in light of positive industry developments.
However, Glassnode analysts last week said the “OG Whales Dumping” Bitcoin narrative isn’t as strong as it is made out to be, explaining that it is “normal bull-market behaviour,” particularly during the late stages of bull runs.
“This steady rise reflects increasing distribution pressure from older investor cohorts — a pattern typical of late-cycle profit-taking, not a sudden exodus of whales.”
Bitcoin isn’t alone — Ether (ETH) and Solana (SOL) are down 7.95% and 28.3% respectively from the start of 2025, while most altcoins have been hit even harder.
Four-year cycle thesis still not in effect, analyst says
Industry analysts are also speculating whether the four-year cycle thesis remains in effect, despite the crypto markets having far more institutional and regulatory backing compared to earlier market cycles.
Bitwise chief investment officer Matt Hougan is one of a few analysts who believe Bitcoin will boom in 2026 due to the “debasement trade” thesis playing out, while the broader markets will benefit from increased adoption in stablecoin, tokenization and decentralized finance.
“I think the underlying fundamentals are just so sound,” Hougan said last Wednesday.
“I just think those are too big to keep down. So I think 2026 will be a good year.”
Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income.
The figure marks an increase of more than 300% compared to the same period last year, which stood at $40 million, local news outlet Chosun Biz reported, citing regulatory filings with the Financial Supervisory Service.
The filing reportedly showed strong momentum across all key metrics. Consolidated revenue climbed to $266 million, up 35% from the previous quarter, while operating profit rose 54% to $162 million. Net income also jumped 145% quarter-over-quarter from $67 million.
The company attributed its improved performance to rising trading activity as global digital asset markets rebounded through 2024 and 2025.
Dunamu said investor confidence received a boost following regulatory developments in the United States, including the passage of the Genius Act, the Clarity Act and the Anti-CBDC Bill. These measures, the company said, contributed to renewed institutional participation and steadier market conditions.
Dunamu has faced heightened reporting requirements since 2022, when it was added to the list of corporations subject to external audit due to having more than 500 shareholders.
Notably, several major crypto firms experienced a revenue increase last quarter. Bitcoin mining company TeraWulf and Singapore-based cloud Bitcoin miner BitFuFu doubled their third-quarter revenue from the previous year.
As Cointelegraph reported, Naver Financial, the fintech arm of South Korea’s largest internet company, is preparing to acquire Dunamu. Naver reportedly plans to bring Dunamu in as a subsidiary through a share swap, with board approvals expected soon.
Upbit Korea is the largest crypto exchange in South Korea in terms of trading volume and customer base, according to CoinMarketCap.
Many Labour MPs have been left shellshocked after the chaotic political self-sabotage of the past week.
Bafflement, anger, disappointment, and sheer frustration are all on relatively open display at the circular firing squad which seems to have surrounded the prime minister.
The botched effort to flush out backroom plotters and force Wes Streeting to declare his loyalty ahead of the budget has instead led even previously loyal Starmerites to predict the PM could be forced out of office before the local elections in May.
“We have so many councillors coming up for election across the country,” one says, “and at the moment it looks like they’re going to be wiped out. That’s our base – we just can’t afford to lose them. I like Keir [Starmer] but there’s only a limited window left to turn things around. There’s a real question of urgency.”
Another criticised a “boys club” at No 10 who they claimed have “undermined” the prime minister and “forgotten they’re meant to be serving the British people.”
There’s clearly widespread muttering about what to do next – and even a degree of enviousness at the lack of a regicidal 1922 committee mechanism, as enjoyed by the Tories.
“Leadership speculation is destabilising,” one said. “But there’s really no obvious strategy. Andy Burnham isn’t even an MP. You’d need a stalking horse candidate and we don’t have one. There’s no 1922. It’s very messy.”
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Starmer’s faithfuls are ‘losing faith’
Others are gunning for the chancellor after months of careful pitch-rolling for manifesto-breaching tax rises in the budget were ripped up overnight.
“Her career is toast,” one told me. “Rachel has just lost all credibility. She screwed up on the manifesto. She screwed up on the last two fiscal events, costing the party huge amounts of support and leaving the economy stagnating.
“Having now walked everyone up the mountain of tax rises and made us vote to support them on the opposition day debate two days ago, she’s now worried her job is at risk and has bottled it.
“Talk to any major business or investor and they are holding off investing in the UK until it is clear what the UK’s tax policy is going to be, putting us in a situation where the chancellor is going to have to go through this all over again in six months – which just means no real economic growth for another six months.”
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After less than 18 months in office, the government is stuck in a political morass largely of its own making.
Treasury sources have belatedly argued that the chancellor’s pre-budget change of heart on income tax is down to better-than-expected economic forecasts from the Office for Budget Responsibility.
That should be a cause of celebration. The question is whether she and the PM are now too damaged to make that case to the country – and rescue their benighted prospects.