# Steve Baker: The Bank of England Has Too Much Power | The Liz Truss Show Page: https://stenobird.com/podcast/the-liz-truss-show-7617256/steve-baker-the-bank-of-england-has-too-much-power-the-liz-truss-show Text version: https://stenobird.com/podcast/the-liz-truss-show-7617256/steve-baker-the-bank-of-england-has-too-much-power-the-liz-truss-show.md Podcast: [The Liz Truss Show](https://stenobird.com/podcast/the-liz-truss-show-7617256) Published: 2026-06-15T17:00:00+00:00 Episode link: https://rss.art19.com/episodes/cde20a4c-aab3-4ed3-9d85-6052a0a126d1.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Audio file: https://rss.art19.com/episodes/cde20a4c-aab3-4ed3-9d85-6052a0a126d1.mp3?rss_browser=BAhJIg90cmFuc2NyaWJyBjoGRVQ%3D--952c5701c84ad333c69d5faa668f8177091704f0 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-liz-truss-show-7617256/episodes/steve-baker-the-bank-of-england-has-too-much-power-the-liz-truss-show Duration seconds: 2003 ## Resource Former Cabinet Minister and Brexit campaigner Steve Baker joins Liz Truss to discuss Britain's economic stagnation, the growing power of unelected institutions, the influence of progressive ideology throughout public life, and why freedom is becoming harder to defend. In this wide-ranging interview, Steve Baker explains why living standards have stalled, how Britain's governing class became detached from ordinary voters, the power of the Treasury and the Bank of England, and what must change if the country is to recover. The conversation covers economic freedom, accountability, government reform, cultural change, public institutions, and the future of conservatism in Britain. Topics: Britain's economic decline The Bank of England and accountability Treasury power and government reform Woke ideology and public institutions DEI and equal treatment under the law Immigration and national identity Freedom and free markets The future of Conservatism Britain's governing elite Liz Truss and Steve Baker Subscribe for more interviews, analysis and commentary from the Liz Truss Show. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info . ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-liz-truss-show-7617256/episodes/steve-baker-the-bank-of-england-has-too-much-power-the-liz-truss-show/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-liz-truss-show-7617256/steve-baker-the-bank-of-england-has-too-much-power-the-liz-truss-show.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.