BETTER OUT THAN IN?
AS A shadow minister, Rachel Reeves said Labour would oversee a “wave of insourcing of public services”. But latest results for top British outsourcer Serco show the wave is flowing the other way.
Serco’s accounts for 2024, filed in April, state that “performance in the UK was better than originally anticipated”, offering a “strong pipeline” of new deals. The company expects “significant new opportunities” under Keir Starmer’s government. Its main cause of optimism is down to winning “the largest bid in our pipeline” in February – a £1.3bn, nine-year armed forces recruiting contract previously (and disastrously) held by Capita.