RI-M02: Aggregate benefits from our policy work
Aggregate benefits from our policy work: at least £5.99 billion.
We have updated our methodology this year to ensure that the estimates in the Positive Impact report are more consistent with the way we consider benefits in our CBAs. We are now counting annualised benefits for all interventions made in the last 10 years, instead of the total lifetime (10 year) benefits for all interventions made in the last 3 years.) Our annual benefit estimate comes from adding up the annual benefits from all the rules made between 2015/16 and 2024/25, where benefits were quantified in a CBA.
FY 2023/24: At least £6.25 billion in annual benefits (expected annualised benefit for 2023/24 from rules introduced between 2014/15 to 2023/24, in 2024/25 prices)
Source: FCA Positive Impact report