Work and Pensions written question – answered at on 30 April 2014.
To ask the Secretary of State for Work and Pensions in which circumstances he uses a calculation of the (a) value of preventing a fatality, (b) willingness to pay and (c) cost-per-quality adjusted life year approach to quantify the value of a policy intervention; what other tools he uses to quantify the benefit of a policy intervention; and if he will make a statement.
The Green Book and associated supplementary guidance is publicly available on the Treasury website. It sets out a range of approaches and methods that may be appropriate in a number of different appraisal circumstances.
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