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15 May 2013

British impact assessment calculator

A leader in RIA expertise, the UK has made further progress with the publication of new calculator of impacts, which is probably the first of its kind. While administrative burdens have given rise to several online tools (in the UK and France for instance), it is more difficult to cater for the much wider statistical needs of RIA. The calculator aims at automatically generating "the key figures needed for the impact assessment summary pages, using the profile of costs and benefits for each option." It comes as an Excel spreadsheet with pre-filled financial calculation facilities (including discounting) and consolidation in the summary sheet, with the possibility of measuring different policy options. It is not preloaded with statistical information, and could therefore theoretically be adapted for use in other economies.

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