Impact assessment opinions that are not 'fit for purpose' based on external, independent scrutiny of new regulation by the Regulatory Policy Committee
Regulatory proposals are accompanied by an impact assessment (IA), which assesses and estimates the likely costs and benefits, as well as presenting the associated risks, of a regulatory proposal that has an impact on business, civil society organisations, the public sector or individuals. Following scrutiny of an IA the RPC provides an Opinion on the quality of analysis and evidence presented in the IA. This opinion then informs the decisions of ministers as to whether or not they proceed with the proposal.
Guidance on the issues the RPC considers when scrutinising an IA can be found here.
In a small number of instances departments have chosen to proceed with a regulatory proposal which is not supported by an IA which has received a ‘fit for purpose’ rating from the RPC. The RPC publishes these ‘Red’ opinions. This page provides links to all the red-rated opinions published since May 2015.
Information on all the opinions published since May 2015 can be found here.