Question

To ask Her Majesty’s Government what is the internal process for calculating regulatory savings; and which individuals, by job title, are involved.

For each new regulation or deregulation, the costs and savings to business are calculated and presented in the form of an Impact Assessment. These are completed by policy officials within each Department, working with government economists.

Each Impact Assessment is scrutinised by the independent Regulatory Policy Committee, who are responsible for validating the assessment of the costs and savings to business. Further information on the Committee can be found on the gov.uk website.