A significant element of the current turmoil in the United States is an attack on what we would call public or arms length bodies (ALBs).
How specifically do you propose to assess the value for money of an ALB ?
It's very difficult, obviously. Much of the value of many regulatory ALBs lies in their unquantifiable deterrent effect - though my Competition Colleagues did some useful work on VFM when I was there in the late 2000s.
It is perhaps easier to assess their efficiency and effectiveness. Some hints may be found in Chapters 7 and 8 of my How to Succeed in the SCS:- https://www.civilservant.org.uk/richborne-how_to_succeed-scs.html
How specifically do you propose to assess the value for money of an ALB ?
It's very difficult, obviously. Much of the value of many regulatory ALBs lies in their unquantifiable deterrent effect - though my Competition Colleagues did some useful work on VFM when I was there in the late 2000s.
It is perhaps easier to assess their efficiency and effectiveness. Some hints may be found in Chapters 7 and 8 of my How to Succeed in the SCS:- https://www.civilservant.org.uk/richborne-how_to_succeed-scs.html