<p>The Preventative Departmental Expenditure Limit will be money ringfenced in the budget for preventive policies</p><p>John 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.</p><p>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.</p> <a href="https://www.theguardian.com/business/2026/nov/01/pdel-preventative-departmental-expenditure-limit-">Continue reading...</a>