Asked by: Stephen O'Brien (Conservative - Eddisbury)
Question to the Ministry of Justice:
To ask the Secretary of State for Justice, in what circumstances he uses a calculation of the (a) value of preventing a fatality, (b) willingness to pay and (c) cost-per-quality adjusted life year approach to quantify the value of a policy intervention; what other tools he uses to quantify the benefit of a policy intervention; and if he will make a statement.
Answered by Shailesh Vara
The Ministry of Justice does not use calculations of (a) the value of preventing a fatality, (b) willingness to pay and (c) cost-per-quality adjusted life year approach to quantify the value of a policy intervention.
The Ministry of Justice uses a range of analytical approaches to assess and evaluate policies, including quantifying the benefits, in line with guidance provided by HM Treasury:
These are published on the HM Treasury website:
https://www.gov.uk/government/publications/the-magenta-book