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Impact Assessments

Volume 476: debated on Thursday 22 May 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what requirements his Department places on (a) Ministerial departments and (b) the Office of Fair Trading to produce impact assessments as part of the consultation process on regulatory guidance; and if he will make a statement. (204192)

Government's guidance on Impact Assessments and Consultation are both available online at the location provided. The Government are of the strong opinion that the Impact Assessment process strengthens policy-making, and as such is an integral part of the development of new policy.

The Office of Fair Trading, as an independent entity, may exercise its professional judgment on appropriate adaptations to central Government's Impact Assessment process, in accordance with the particular needs of its regulatory activity. However, OFT recognises the importance of maintaining the spirit of the Impact Assessment process in relation to its regulatory activity and apply it where possible.

Impact Assessments: