Elon Musk’s Department of Government Efficiency is already making moves to Make America Efficient Again. He’s told U.S. federal employees that those refusing to return to the office five days a week will be axed as part of his plan to trim $2 trillion from the federal budget. Musk declared, “If federal employees don’t want to show up, American taxpayers shouldn’t foot the bill for their Covid-era privilege of staying home.” Sound…
Meanwhile, the UK’s blob is hardly setting an example. Civil service office attendance remains a pitiful 63%, with many workers still resisting to grace their desks for even just three days a week. Productivity is in free fall, with the Office for National Statistics reporting a 1.2% drop in public sector productivity for the three months to June – all while Reeves doles out a massive £10 billion in pay rises. Starmer should be taking notes…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”