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On 2 April 2009, ministers announced their intention to set up a new external Regulatory Policy Committee, to advise Government on whether it is doing all it can to accurately assess the costs and benefits of regulation.
On 2 April 2009, Ministers announced that as part of the Government’s wide-ranging regulatory reform programme they intended to set up a new external Regulatory Policy Committee whose role would be to advise Government on whether it is doing all it can to assess accurately the costs and benefits of regulation. The Regulatory Policy Committee has been tasked with providing strong and effective external scrutiny throughout the policy making process. The Committee will undertake an advisory role, commenting on whether the Government has been effective in minimising the costs of measures and maximising the benefits, and on whether the benefits justify the costs. In this way the Regulatory Policy Committee will bring greater transparency to regulatory decision making within Government. Furthermore, it will be a powerful tool in helping to improve the quality of analysis and help influence behaviour and attitudes towards regulatory interventions within departments.
To find out more you can visit the Regulatory Policy Committee website below: