The myth of the ‘efficient’ private sector has been busted by Covid

“Last Friday, as towns and cities across the UK faced up to renewed lockdown restrictions, executives at Serco had reason to celebrate.

Serco is one of the dozens of private companies that have been contracted by the Westminster government to provide services as part of the national test-and-trace system. One of its contracts with the Department of Health and Social Care could be worth up to £410m. And at the end of last week, shares in the company soared by 18% after it announced profits vastly greater than forecast earlier this year…”