The committee assesses the quality of evidence and analysis used to inform regulatory proposals. It is an independent body sponsored by the department for business, energy and industrial strategy.
Gibson has been interim chair since December 2019 and a member of the committee since May 2018.
He said: “I am honoured to be appointed chair of the independent regulatory policy committee. This is a particularly important time for the RPC as the Government is planning a review of the Better Regulation Framework and the role that independent scrutiny plays in it.”
He has over 25 years’ experience as a professional economist across a range of regulated sectors including post, water, ports, rail, aviation, energy, broadcasting, advertising and telecoms, working as a consultant and from both sides of the regulatory fence.
In 2011 he set up SLG Economics, a consultancy providing expert regulatory and competition economics advice to regulators, regulated companies and consumer bodies.
Kwarteng added: “The UK is recognised worldwide as a great place to do business and further strengthening this reputation means keeping an eagle-eye on effective regulation.
“That’s why I’m pleased to appoint Stephen to this role, who brings a wealth of experience, energy and expertise to scrutinising the evidence and analysis underpinning regulatory decisions.”