Nov 10, 2024, 10:38 PM
Nov 10, 2024, 10:38 PM
Rachel Reeves Seeks Private Sector Solutions to Government Waste
- Chancellor Rachel Reeves will deliver her first speech at the Mansion House in London on Thursday.
- She plans to solicit advice from the private sector on reducing waste in public services.
- Reeves argues that collaboration with business leaders is essential for effective spending reviews.
Rachel Reeves has called upon the private sector for guidance on cutting waste in public services. In her upcoming Mansion House speech, scheduled for Thursday in London, she emphasizes that the government cannot achieve value for money by working in isolation. The traditional method of decision-making, which relies on a 'star chamber' of ministers, may lead to an 'echo chamber', stifling innovative ideas. Reeves aims to break this cycle and involve business leaders who can offer fresh perspectives on financial savings.
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