The Regulatory Policy Committee (RPC) provides independent scrutiny of the impact assessments accompanying new regulatory and deregulatory proposals. The RPC has been appointed as the independent verification body in respect of the business impact target (BIT) for the current parliament.
The Government are required by the Small Business, Enterprise and Employment Act 2015 to set a BIT for each parliament and to report annually on progress against the BIT. The Department for Business, Energy and Industrial Strategy published the Government’s report covering the first BIT reporting year (2017/18) of the current parliament on 19 July 2018.
The RPC report is in two main parts. The first provides an overview of the impact of departmental and regulator measures qualifying against the BIT and of significant departmental non-qualifying measures implemented during this period. The second provides a review of the quality of impact assessments and post-implementation reviews, with particular reference to impacts on wider society, small and micro businesses and consideration of options, including non-regulatory options.