Economic analysis plays a vital role in any Regulatory Impact Analysis (RIA). The BRE Economists play a consultative role, providing economic advice on economic aspects of Regulatory Impact Assessments. They also provide advice on use of alternatives to state regulation, recent UK experience and carry out research.
The Office of Fair Trading (OFT) works with the BRE Economists, looking closely at the competition assessment section of Regulatory Impact Assessments. They provide guidelines as to how this should be done which can be found by visiting the OFT website.
The economists, as well as providing the BRE and other government departments with advice, also represent the UK delegation at OECD Regulatory Reform Working Groups.
For further information, see the Regulatory Impact Assessment section