Elon Musk shouldn't be ignored by Labour, warns ALEX BRUMMER

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Elon Musk shouldn't be ignored by Labour, warns ALEX BRUMMER
Published: Jan, 01 2025 09:33

Something to look forward to in 2025 is the potential clash of two of the world’s biggest egos. These are owned by a reborn president-elect Donald Trump and his best new pal and government efficiency tsar Elon Musk. If Musk were to achieve his goal of slashing $2trillion (£1.6trillion) from US government spending, by using ruthless tactics deployed at Twitter, now X, he could become as much of a hero to conservative, smaller state Americans as to those who follow his technology exploits.

Governments across the globe need to recognise that keeping Musk on side is as vital as seeking to blunt Trump’s tariff agenda. Labour is not off to a brilliant start when it comes to courting Musk as an entrepreneur or political influencer. A failure to issue Musk an invitation to September’s City-based investment summit, attended by the good and the great from across the Atlantic, was not a clever move by a growth-driven Keir Starmer government.

Elon Musk: A failure to invite him to September's City-based investment summit was not a clever move. Indeed, earlier this week Musk, the world’s richest and possibly most tech savvy person, asserted that ‘very few’ businesses want to invest in Britain under the current Starmer administration.

He previously has accused the Government of going ‘full Stalin’ with its attacks on inheritance. Certainly, the chance of Britain becoming a home for a Tesla gigafactory in Scotland don’t look good. It is Labour’s misfortune that it aligned itself so closely with incumbent president Joe Biden’s economics.

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