Stephen O’Brien – 2014 Parliamentary Question to the Department for Transport

The below Parliamentary question was asked by Stephen O’Brien on 2014-04-25.

To ask the Secretary of State for Transport, 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.

Mr Robert Goodwill

The Green Book and associated supplementary guidance is publicly available on the Treasury web site. It sets out a range of approaches and methods that may be appropriate in a number of different appraisal circumstances.