I mean, defunding public services is basically a requirement of Brexit. Regardless of your position on sovereignty or whatever, it is far cheaper to centralize government functions in the EU, which means that Britain is going to have to spend tons of money...
Oh also, if we're talking diversity officers specifically, there's a very strong evidence base behind culturally appropriate healthcare that demonstrates a benefit in terms of spending so that's actually saving you money 
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Oh I'm talking about something different. Different meaning of the term. That being said, hiring based on 'merit' almost always results in a less diverse workforce, but that's another story
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