Treasury Select Committee
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
2015-2017
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
On 12 July 2017, Nicky Morgan became the new chair of the committee.[3]
Changes
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
| 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
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
References
- ↑ George Parker (26 January 2012). "Tyrie aims to bring 'Sun King' down to earth". FT.com. Retrieved 5 May 2012.
- ↑ "Winning candidates for select committee Chairs announced". UK Parliament. Retrieved 22 June 2015.
- ↑ http://www.businessinsider.com/nicky-morgan-treasury-select-committee-chair-2017-7
- ↑ https://www.bbc.co.uk/news/uk-politics-40589509
- ↑ https://www.publications.parliament.uk/pa/cm200102/cmselect/cmtreasy/199/19901.htm
- ↑ https://www.publications.parliament.uk/pa/cm201314/cmstords/900/body.htm#122B
- ↑ http://researchbriefings.parliament.uk/ResearchBriefing/Summary/SN04400
- ↑ https://www.parliament.uk/documents/commons-committees/Select-Committee-Chair-Results-2017.pdf
- ↑ https://www.parliament.uk/documents/commons-committees/committee-chair-election-results.pdf
- ↑ http://www.parliament.uk/documents/commons-committees/chair-elections/Committee-Chair-Results.pdf