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]

2015-2017[edit]

In June 2015, Andrew Tyrie was elected as the Committee's chair.[2] The remaining members were appointed in July and served for the 2015-2017 session as follows:

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


Source: Treasury Committee

2017[edit]

On 12 July 2017, Nicky Morgan became the new chair of the committee.[3]

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

Changes[edit]

Occasionally, the House of Commons orders changes to be made in terms of membership of select committees, as proposed by the Committee of Selection. Such changes are shown below.

Date Outgoing Member
& Party
Constituency New Member
& 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

Chair of the Treasury Select Committee[edit]

Chair Party Constituency First elected Method
Nicky Morgan Conservative Loughborough 12 July 2017 Elected by the House of Commons[4]
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[5]
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.[6] Elections are held at the beginning of a parliament or in the event of a vacancy.[7]

12 July 2017[8]
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[9]
Candidate 1st round
Votes  %
Andrew Tyrie Unopposed
Not redistributed
Valid votes
9 June 2010[10]
Candidate 1st round
Votes  %
Andrew Tyrie 352 61.6
Michael Fallon 219 38.4
Not redistributed
Valid votes 571

See also[edit]

References[edit]

External links[edit]