Treasury Select Committee

UK House of Commons select committee From Wikipedia, the free encyclopedia

The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The committee is responsible for examining and scrutinizing the expenditure, administration and policy of HM Treasury. This includes its agencies and associated bodies, including HM Revenue and Customs, the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, and the Royal Mint.

The current chair of the Treasury Select Committee is Dame Meg Hillier MP, from the Labour Party.[1] The position of chair is considered influential, as the holder of the office can scrutinize figures including the Chancellor of the Exchequer, the Governor of the Bank of England, as well as bank executives.[2]

History

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Perspective

The select committee was established in 1979 as the Treasury and Civil Service Committee.[3] Since 2010, the Treasury Committee has taken on new powers, including the right to veto appointments to the independent Office for Budget Responsibility, and has forced the Financial Services Authority to publish a detailed report into its handling of the collapse of Royal Bank of Scotland.[4]

The select committee has been described as an influential one within British politics.[5][6][2] In 2016, the committee was described as among the three most powerful select committees in the House of Commons, along with the Public Accounts Committee and the Culture, Media and Sport Committee.[7]

Activities

Valuation Office Agency (VOA) Inquiry

On 1 February 2019, the Treasury Committee launched an inquiry looking into the impact of business rates and any unfairness in the system of rateable valuation operated by the Valuation Office Agency (VOA). The inquiry heard evidence from many businesses and trade organisations.[8] The findings of this inquiry outlined that the service was broken and public confidence had been eroded. In its reply to the inquiry, February 2020, the Government promised to make changes to business rates as part of a fundamental review of the VOA.[9]

Current membership

Membership of the committee is as follows:[10]

Changes since 2024

More information Date, Outgoing Member & Party ...
Date Outgoing Member
& Party
Constituency New Member
& Party
Constituency Source
9 December 2024 Lucy Rigby MP (Labour) Northampton North John Grady MP (Labour) Glasgow East Hansard
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2019–2024 Parliament

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The chair was elected on 27 January 2020, with the members of the committee being announced on 2 March 2020.[11][12]

Changes 2019–2024

More information Date, Outgoing member and party ...
Date Outgoing member
and party
Constituency New member
and party
Constituency Source
11 May 2020 Liz Kendall MP (Labour) Leicester West Mike Hill MP (Labour) Hartlepool Hansard
Alison McGovern MP (Labour) Wirral South Siobhain McDonagh MP (Labour) Mitcham and Morden
16 March 2021 Mike Hill MP (Labour) Hartlepool Vacant Resignation of member from Parliament[13]
20 April 2021 Vacant Emma Hardy MP (Labour) Kingston upon Hull West and Hessle Hansard
19 October 2021 Steve Baker MP (Conservative) Wycombe Gareth Davies MP (Conservative) Grantham and Stamford Hansard
14 December 2021 Felicity Buchan MP (Conservative) Kensington Kevin Hollinrake MP (Conservative) Thirsk and Malton Hansard
26 October 2022 Mel Stride MP (Chair, Conservative) Central Devon Vacant Hansard
9 November 2022 Harriett Baldwin MP (Conservative) West Worcestershire Vacant Hansard
Vacant Harriett Baldwin MP (Chair, Conservative) West Worcestershire
21 November 2022 Vacant John Baron MP (Conservative) Basildon and Billericay Hansard
Gareth Davies MP (Conservative) Grantham and Stamford Danny Kruger MP (Conservative) Devizes
Kevin Hollinrake MP (Conservative) Thirsk and Malton Andrea Leadsom MP (Conservative) South Northamptonshire
Julie Marson MP (Conservative) Hertford and Stortford Anne Marie Morris MP (Conservative) Newton Abbot
16 January 2023 Alison Thewliss MP (SNP) Glasgow Central Douglas Chapman MP (SNP) Dunfermline and West Fife Hansard
26 June 2023 Anthony Browne MP (Conservative) South Cambridgeshire James Duddridge MP (Conservative) Rochford and Southend East Hansard
12 September 2023 Douglas Chapman MP (SNP) Dunfermline and West Fife Drew Hendry MP (SNP) Inverness, Nairn, Badenoch and Strathspey Hansard
20 November 2023 Rushanara Ali MP (Labour) Bethnal Green and Bow Keir Mather MP (Labour) Selby and Ainsty Hansard
11 December 2023 Sir James Duddridge MP (Conservative) Rochford and Southend East Thérèse Coffey MP (Conservative) Suffolk Coastal Hansard
Dame Andrea Leadsom MP (Conservative) South Northamptonshire Stephen Hammond MP (Conservative) Wimbledon
11 March 2024 Emma Hardy MP (Labour) Kingston upon Hull West and Hessle Samantha Dixon MP (Labour) City of Chester Hansard
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Past membership lists

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2017–2019 Parliament

The chair was elected on 12 July 2017, with the members of the committee being announced on 11 September 2017.[14][15]

Changes 2017–2019

More information Date, Outgoing member and party ...
Date Outgoing member
and party
Constituency New member
and party
Constituency Source
20 February 2018 Kit Malthouse MP (Conservative) North West Hampshire Simon Clarke MP (Conservative) Middlesbrough South and East Cleveland Hansard
29 October 2018 Alister Jack MP (Conservative) Dumfries and Galloway Colin Clark MP (Conservative) Gordon Hansard
3 December 2018 Stephen Hammond MP (Conservative) Wimbledon Steve Baker MP (Conservative) Wycombe Hansard
10 June 2019 Stewart Hosie MP (SNP) Dundee East Alison Thewliss MP (SNP) Glasgow Central Hansard
25 July 2019 Nicky Morgan MP (Conservative) Loughborough Vacant Hansard
23 October 2019 Vacant Mel Stride MP (Conservative) Central Devon Hansard
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2015–2017 Parliament

The chair was elected on 18 June 2015, with members being announced on 8 July 2015.[16][17]

Changes 2015–2017

More information Date, Outgoing member and party ...
Date Outgoing member
and party
Constituency New member
and party
Constituency Source
26 October 2015 Bill Esterson MP (Labour) Sefton Central Rachel Reeves MP (Labour) Leeds West Hansard
31 October 2016 Mark Garnier MP (Conservative) Wyre Forest Kit Malthouse MP (Conservative) North West Hampshire Hansard
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2010–2015 Parliament

The chair was elected on 10 June 2010, with members being announced on 12 July 2010.[18][19]

Changes 2010–2015

List of chairs of the Treasury Select Committee

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More information Chair, Party ...
Chair Party Constituency First elected Method
Mel Stride Conservative Central Devon 23 October 2019 Elected by the House of Commons[20]
Nicky Morgan Conservative Loughborough 12 July 2017 Elected by the House of Commons[21]
Andrew Tyrie Conservative Chichester 10 June 2010 Elected by the House of Commons
John McFall Labour Co-op West Dunbartonshire
(Dumbarton 1987–2005)
18 July 2001 Elected by the select committee[22]
Giles Radice Labour North Durham 17 July 1997 Elected by the select committee
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Election results

From June 2010 chairs of select committees have been directly elected by a secret ballot of the whole House of Commons using the alternative vote system. Candidates with the fewest votes are eliminated and their votes redistributed until one remaining candidate has more than half of valid votes.[23] Elections are held at the beginning of a parliament or in the event of a vacancy.[24]

More information 29 January 2020, Candidate ...
29 January 2020[25]
Candidate 1st round
Votes  %
Mel Stride Unopposed
Not redistributed
Valid votes
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More information 23 October 2019, Candidate ...
23 October 2019[26]
Candidate First round Second round
Votes % Votes %
Mel Stride 237 46.4 263 52.1
Kevin Hollinrake 166 32.5 175 34.7
Harriett Baldwin 62 12.1 67 13.3
Mark Garnier 46 9.0 Eliminated
Not redistributed 6 1.2
Valid votes 511 505
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More information 12 July 2017, Candidate ...
12 July 2017[27]
Candidate 1st round 2nd round 3rd round 4th round 5th round
Votes  % Votes  % Votes  % Votes  % Votes  %
Nicky Morgan 200 35.1 207 36.4 227 40.5 254 46.4 290 56.2
Jacob Rees-Mogg 136 23.9 141 24.8 160 28.6 179 32.7 226 43.8
Charlie Elphicke 74 13.0 82 14.4 98 17.5 114 20.8 Eliminated
Richard Bacon 65 11.4 71 12.5 75 13.4 Eliminated
John Penrose 63 11.1 68 12.0 Eliminated
Stephen Hammond 32 5.6 Eliminated
Not redistributed 1 0.2 10 1.8 23 4.0 54 9.5
Valid votes 570 569 560 547 516
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More information 17 June 2015, Candidate ...
17 June 2015[28]
Candidate 1st round
Votes  %
Andrew Tyrie Unopposed
Not redistributed
Valid votes
Close
More information 9 June 2010, Candidate ...
9 June 2010[29]
Candidate 1st round
Votes  %
Andrew Tyrie 352 61.6
Michael Fallon 219 38.4
Not redistributed
Valid votes 571
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See also

References

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