Bottom-Up Budgeting

New budget wheeze

The new Labour government's first budget is expected to showcase a new budgeting policy called 'bottom-up' budgeting.

A spokesperson provided FNN with this helpful 'explainer':

Imagine all the people in the UK as a pyramid.

Obviously the bottom of the pyramid is much wider than the top - more people right - so this is where the most cuts to benefits and taxes on income have to be deployed to have the optimum monetary impact.

It's just common sense, innit?

Then all these savings can be applied to supplying weapons to kill people in far-off lands. Bonus!

Bottom-up budgeting should not be confused with 'bottoms-up' budgeting, as used in the EU, where rich countries send money to Brussels to be used for bureaucratic knees-ups and building roads in far-off lands.

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