AI summary
A new budget category, PDEL, ringfences funds for preventive policies, potentially reducing long-term public spending by addressing issues before they escalate.
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New public spending category PDEL is a welcome and could have big impact | Heather Stewart
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The Preventative Departmental Expenditure Limit will be money ringfenced in the budget for preventive policiesJohn Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spend universe – little PDEL.It may not have the charm of Disney’s Wall-E, but PDEL (pronounced P-Del), Preventative Departmental Expenditure Limit, to give it its full name, marks a welcome, and potentially very consequential, addition. Continue reading...
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