British Entrepreneur Challenges US-Europe Work Ethic Narrative: It's Not Effort, It's Optimism and Ambition

Monzo founder and former CEO Tom Blomfield challenges the narrative that Americans work harder than Europeans. He argues the difference lies in "positivity, optimism, and ambition." The deeply American belief that anyone can achieve anything through hard work contrasts sharply with British culture. He notes that top UK students gravitate towards finance or consulting, while US students are more entrepreneurial. This cultural divergence contributes to Europe's productivity gap with the US. Blomfield's own experience reflects this; he faced hurdles securing a banking license in the UK but found more support in the US.