0:00
Rachel Reeves is shrinking her own
0:01
department, but it's going to cost the
0:03
taxpayer a fortune first. The Treasury
0:05
has just launched a massive cost cutting
0:07
shakeup, aiming to slash 300 jobs by
0:09
2030 to hit 16% administration savings
0:13
target. To get people to leave, they are
0:15
offering a golden handshake worth up to
0:16
£100,000. These voluntary exit packages
0:19
are being offered to staff across
0:21
London, Darlington, and Edinburgh with
0:23
some longerving officials eligible for
0:25
15 months pay just to walk away. It is
0:27
part of a wider plan to spend 300
0:29
million pounds across White Hill just to
0:31
reduce headcount. Crickets are calling
0:33
it a redundancy gamble, especially since
0:35
the treasuries are already struggling
0:37
with high staff turnover and low pay
0:39
compared to the private sector. Now, is
0:40
this a smart move to modernize the
0:42
government or just an expensive way to
0:44
lose our best civil servants? Let us
