The budget line everyone missed

It runs to eleven words on page four hundred and changes how three programmes are funded.

By Wendy MarchandAugust 25, 20266 min read Premium
Stacks of budget documents and a calculator on a desk
Stacks of budget documents and a calculator on a desk

Budget day generates headlines about totals. The consequential material is almost always buried in the technical annex nobody reads on camera.

This year's example is a reclassification that moves three programmes from one funding envelope into another, with no change to the top-line figure.

In practice it changes who approves the spending, how often it is reviewed and what happens if the money runs short mid-year.

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