I am writing in response to your news item ‘New Green Book emphasises good strategic case over benefit:cost ratios’ (LTT 27 Nov. I agree that there is a clear shift away from BCRs and towards the strategic fit of projects – increasing the emphasis on the role of both ministers and parliament, as well as the need to demonstrate SMART objectives.
I also agree that there is an increased emphasis on distributional effects, which I welcome. However, while the change in tone...
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