Chapter 14: Financial implications
71. The Committee recommends that, not only should
the Department review the RIA in order to improve it for the full
bill, but that when producing future draft bills more attention
is devoted to ensuring that the initial cost and benefit estimates
are comprehensive. (paragraph 393)
72. The Committee recommends that the Department
reviews the processes it uses for preparation of RIAs, and seeks
to ensure that they are designed to present a more robust and
measurable assessment of the balance of costs and benefits in
any regulatory proposals. (paragraph 394)
73. The Committee recommends that the Government
and other relevant bodies provide appropriate support for public
authorities to share good practice and deliver the new duties
cost effectively. (paragraph 396)
74. The Committee notes that the effectiveness
of the measures in the bill depends in large part on the DRC producing
sound guidance and then effectively monitoring and enforcing the
DDA. The Committee therefore trusts that the Government recognise
this and are committed to making available the additional funds
to the DRC to carry out these duties effectively. (paragraph 397)
75. The full RIA should assess the costs and
benefits of those of our recommendations which are included in
the full bill. (paragraph 398)