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Sixteenth Report - Principles of effective regulation

Public Accounts Committee HC 176 Published 15 September 2021
Report Status
Government responded
Conclusions & Recommendations
18 items (6 recs)
Government Response
AI assessment · 17 of 18 classified
Accepted 1
Acknowledged 1
Deferred 4
Not Addressed 11
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Sixteenth report from Session 2021-22 · published 8 Nov 2021
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Recommendations & Conclusions

1 item
16 Conclusion Accepted

The Department told us that RIAs currently consider the cost impact of regulations without an...

Conclusion
The Department told us that RIAs currently consider the cost impact of regulations without an adequate assessment of the benefits. For example, the costs of complying with gambling regulations for gambling companies are captured, but the benefits of those regulations … Read more
Government Response Summary
The government agrees with the need to better assess both costs and benefits of regulation, stating that work on reforming the Business Impact Target framework is already underway and was addressed through a public consultation.
HM Treasury
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