Guidance on Costs and Benefits

Part of New clause 3 – in the House of Commons at 6:45 pm on 27th June 1995.

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Photo of Mr Cynog Dafis Mr Cynog Dafis , Ceredigion and Pembroke North 6:45 pm, 27th June 1995

I should like some clarification about the way that the cost-benefit process will be undertaken. The guidance mentions cost-benefit analysis. May I take it that, if the process is used at all, a formal analysis will consider matters that are quantifiable in money terms? If that analysis shows that a measure may not be justified in cost-benefit terms, will the less quantifiable or non-quantifiable considerations subsequently be brought to bear, so that they might overturn the consequence of the outcome of the cost-benefit analysis? The point that I am trying to make is that there is a difference between cost-benefit analysis and a consideration of costs and benefits.