Treasury Select Committee

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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 remit of the committee is to examine the expenditure, administration and policy of HM Treasury, with all of its agencies and associated bodies, including HM Revenue and Customs, the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, the Royal Mint, and so on.

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.[1]

Membership[edit]

As of November 2022, the members of the committee are as follows:[2]

Member Party Constituency
Harriett Baldwin MP (Chair) Conservative West Worcestershire
Rushanara Ali MP Labour Bethnal Green & Bow
John Baron MP Conservative Basildon and Billericay
Anthony Browne MP Conservative South Cambridgeshire
Dame Angela Eagle MP Labour Wallasey
Emma Hardy MP Labour Kingston upon Hull West and Kessle
Danny Kruger MP Conservative Devizes
Andrea Leadsom MP Conservative South Northamptonshire
Siobhain McDonagh MP Labour Mitcham and Morden
Anne Marie Morris MP Conservative Newton Abbot
Alison Thewliss MP Scottish National Party Glasgow Central

Changes since 2019[edit]

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[3]
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

2017–2019 Parliament[edit]

The chair was elected on 12 July 2017, with the members of the committee being announced on 11 September 2017.[4][5]

Member Party Constituency
Nicky Morgan MP (Chair) Conservative Loughborough
Rushanara Ali MP Labour Bethnal Green and Bow
Charlie Elphicke MP Conservative Dover
Stephen Hammond MP Conservative Wimbledon
Stewart Hosie MP Scottish National Party Dundee East
Alister Jack MP Conservative Dumfries and Galloway
Kit Malthouse MP Conservative North West Hampshire
Alison McGovern MP Labour and Co-op Wirral South
Catherine McKinnell MP Labour Newcastle upon Tyne North
John Mann MP Labour Bassetlaw
Wes Streeting MP Labour Ilford North

Changes 2017–2019[edit]

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

2015–2017 Parliament[edit]

The chair was elected on 18 June 2015, with members being announced on 8 July 2015.[6][7]

Member Party Constituency
Andrew Tyrie MP (Chair) Conservative Chichester
Steve Baker MP Conservative Wycombe
Bill Esterson MP Labour Sefton Central
Mark Garnier MP Conservative Wyre Forest
Helen Goodman MP Labour and Co-op Bishop Auckland
Stephen Hammond MP Conservative Wimbledon
George Kerevan MP Scottish National Party East Lothian
John Mann MP Labour Bassetlaw
Chris Philp MP Conservative Croydon South
Jacob Rees-Mogg MP Conservative North East Somerset
Wes Streeting MP Labour Ilford North

Changes 2015–2017[edit]

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

2010–2015 Parliament[edit]

The chair was elected on 10 June 2010, with members being announced on 12 July 2010.[8][9]

Member Party Constituency
Andrew Tyrie MP (Chair) Conservative Chichester
John Cryer MP Labour Leyton and Wanstead
Michael Fallon MP Conservative Sevenoaks
Mark Garnier MP Conservative Wyre Forest
Stewart Hosie MP Scottish National Party Dundee East
Andrea Leadsom MP Conservative South Northamptonshire
Andy Love MP Labour and Co-op Edmonton
John Mann MP Labour Bassetlaw
George Mudie MP Labour Leeds East
Jesse Norman MP Conservative Hereford and South Herefordshire
David Rutley MP Conservative Macclesfield
John Thurso MP Liberal Democrats Caithness, Sutherland and Easter Ross
Chuka Umunna MP Labour Streatham

Changes 2010–2015[edit]

Date Outgoing member
and party
Constituency New member
and party
Constituency Source
29 November 2010 David Rutley MP (Conservative) Macclesfield David Ruffley MP (Conservative) Bury St Edmunds Hansard
4 July 2011 Chuka Umunna MP (Labour) Streatham Tom Blenkinsop MP (Labour) Middlesbrough South and
East Cleveland
Hansard
14 November 2011 Tom Blenkinsop MP (Labour) Middlesbrough South and
East Cleveland
Pat McFadden MP (Labour) Wolverhampton South East Hansard
John Cryer MP (Labour) Leyton and Wanstead Teresa Pearce MP (Labour) Erith and Thamesmead
5 November 2012 Michael Fallon MP (Conservative) Sevenoaks Brooks Newmark MP (Conservative) Braintree Hansard
12 May 2014 Andrea Leadsom MP (Conservative) South Northamptonshire Steve Baker MP (Conservative) Wycombe Hansard
12 September 2014 Brooks Newmark MP (Conservative) Braintree Alok Sharma MP (Conservative) Reading West Hansard
24 November 2014 Pat McFadden MP (Labour) Wolverhampton South East Rushanara Ali MP (Labour) Bethnal Green and Bow Hansard
George Mudie MP (Labour) Leeds East Mike Kane MP (Labour) Wythenshawe and Sale East

Chair of the Treasury Select Committee[edit]

Chair Party Constituency First elected Method
Mel Stride Conservative Central Devon 23 October 2019 Elected by the House of Commons[10]
Nicky Morgan Conservative Loughborough 12 July 2017 Elected by the House of Commons[11]
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[12]
Giles Radice Labour North Durham 17 July 1997 Elected by the select committee

Election results[edit]

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.[13] Elections are held at the beginning of a parliament or in the event of a vacancy.[14]

29 January 2020[15]
Candidate 1st round
Votes %
Mel Stride Unopposed
Not redistributed
Valid votes
23 October 2019[16]
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
12 July 2017[17]
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
17 June 2015[18]
Candidate 1st round
Votes %
Andrew Tyrie Unopposed
Not redistributed
Valid votes
9 June 2010[19]
Candidate 1st round
Votes %
Andrew Tyrie 352 61.6
Michael Fallon 219 38.4
Not redistributed
Valid votes 571

See also[edit]

Valuation Office Agency (VOA) Inquiry[edit]

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 VOA.  The inquiry heard evidence from many businesses and trade organisations. 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.

References[edit]

  1. ^ George Parker (26 January 2012). "Tyrie aims to bring 'Sun King' down to earth". FT.com. Archived from the original on 31 January 2012. Retrieved 5 May 2012.
  2. ^ "Treasury Committee - Membership Committee". UK Parliament. 6 July 2022. Archived from the original on 16 May 2022. Retrieved 6 July 2022.
  3. ^ Allegretti, Aubrey; Elgot, Jessica; Halliday, Josh (16 March 2021). "Hartlepool Labour MP Mike Hill quits, triggering red wall byelection". The Guardian. Retrieved 16 July 2022.
  4. ^ "Speaker's Statement: Select Committee Chairs". Parliamentary Debates (Hansard). Vol. 627. Parliament of the United Kingdom: House of Commons. 12 July 2017.
  5. ^ "Business without Debate". Parliamentary Debates (Hansard). Vol. 628. Parliament of the United Kingdom: House of Commons. 11 September 2017.
  6. ^ "Speaker's Statement". Parliamentary Debates (Hansard). Vol. 597. Parliament of the United Kingdom: House of Commons. 18 June 2015.
  7. ^ "Business without Debate". Parliamentary Debates (Hansard). Vol. 598. Parliament of the United Kingdom: House of Commons. 8 July 2015.
  8. ^ "Speaker's Statement". Parliamentary Debates (Hansard). Vol. 511. Parliament of the United Kingdom: House of Commons. 10 June 2010.
  9. ^ "Committees". Parliamentary Debates (Hansard). Vol. 513. Parliament of the United Kingdom: House of Commons. 12 July 2010.
  10. ^ "Ex-minister Mel Stride elected as head of Treasury committee". The Times. 24 October 2019. Archived from the original on 24 October 2019. Retrieved 24 October 2019.
  11. ^ "Nicky Morgan to lead Treasury committee". BBC News. 12 July 2017. Archived from the original on 15 April 2019. Retrieved 15 April 2019.
  12. ^ "House of Commons – Treasury – Second Special Report". publications.parliament.uk. Archived from the original on 15 April 2019. Retrieved 15 April 2019.
  13. ^ "Standing Orders of the House of Commons". publications.parliament.uk. Archived from the original on 27 March 2019. Retrieved 15 April 2019.
  14. ^ Priddy, Sarah (16 October 2018). "Chairs of Commons select committees since 2010". UK Parliament. Archived from the original on 6 April 2019. Retrieved 15 April 2019 – via Research Briefings. {{cite journal}}: Cite journal requires |journal= (help)
  15. ^ Treasury Select Committee (29 January 2020). "Committee Chair Election Results 2020" (PDF). House of Commons of the United Kingdom. Archived (PDF) from the original on 27 February 2020. Retrieved 7 March 2020.
  16. ^ Treasury Select Committee (23 October 2019) "Treasury Committee Chair Election – Result Sheet" Archived 2019-11-11 at the Wayback Machine (PDF). House of Commons of the United Kingdom. Retrieved November 11, 2019.
  17. ^ Treasury Select Committee (12 July 2017). "Committee Chair Election Results" (PDF). House of Commons of the United Kingdom 2017. Archived (PDF) from the original on 12 July 2017. Retrieved 15 April 2019.
  18. ^ Treasury Select Committee (17 June 2015). "Committee Chair Election Results 2015" (PDF). House of Commons of the United Kingdom. Archived (PDF) from the original on 6 May 2016. Retrieved 15 April 2019.
  19. ^ Treasury Select Committee (9 June 2010). "Committee Chair Election Results 2010" (PDF). House of Commons of the United Kingdom. Archived (PDF) from the original on 5 January 2020. Retrieved 15 April 2019.

External links[edit]