RelationSys RSS Manager

| Main

May 28,2008

Regulatory impact

When the Government intervenes in the marketplace with legislation or regulation, they now produce what’s called an ‘Impact Assessments’ or ‘IAs’.

The idea is that these IAs spell out all the costs and consequences of a policy intervention in the market place, with the intention of keeping regulatory burden to a minimum.

IAs are also public information, which means that the institute and other interested bodies have the opportunity to identify any potential, but unintended, consequences.

This week I have met with William Sargent, Executive Chair of the Better Regulation Executive (BRE) and his staff, who are responsible for reducing unnecessary regulatory burden and cost across Government. We support much of what the BRE has done recently, particularly on redesigning the IA form, making it simpler and clearer in setting out the full regulatory cost of a policy.

IAs are not perfect and the quality of many departmental IAs leave a lot to be desired, but they are a good attempt at improving regulation in the UK and we will support the BRE in their efforts to improve the process to make sure that the costs and benefits of policy always add up.

View more information on IAs or Impact Assessments

Post your comments

Posted on 28 May 2008

Like this post?

Comments [0]
Permalink

Post a Comment:

Comments are closed for this entry.