From Surf Wiki (app.surf) — the open knowledge base

Treasury Select Committee

UK House of Commons 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 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. 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.

History

The select committee was established in 1979 as the Treasury and Civil Service Committee. 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.

The select committee has been described as an influential one within British politics. 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.

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. 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.

Current membership

Membership of the committee is as follows:

Member	Constituency
Labour Party (UK)}}"	Meg Hillier MP (Chair)	Labour
Conservative Party (UK)}}"	Harriett Baldwin MP	Conservative
Liberal Democrats (UK)}}"	Chris Coghlan MP	Liberal Democrats
Liberal Democrats (UK)}}"	Bobby Dean MP	Liberal Democrats
Labour Party (UK)}}"	Jim Dickson MP	Labour
Conservative Party (UK)}}"	John Glen MP	Conservative
Labour Party (UK)}}"	John Grady MP	Labour
Labour Party (UK)}}"	Siobhain McDonagh MP	Labour
Labour Party (UK)}}"	Luke Murphy MP	Labour
Labour Party (UK)}}"	Catherine West MP	Labour
Labour Party (UK)}}"	Yuan Yang MP	Labour

Changes since 2024

Date	Outgoing Member
& Party	Constituency	→	New Member
& Party	Constituency	Source
nowrap	9 December 2024	Labour Party (UK)}}"		Lucy Rigby MP (Labour)	Northampton North	→	Labour Party (UK)}}"		John Grady MP (Labour)
27 October 2025	Labour Party (UK)}}"		Lola McEvoy MP (Labour)	Darlington	→	Labour Party (UK)}}"		Jim Dickson MP (Labour)
Jeevun Sandher MP (Labour)	Loughborough	Luke Murphy MP (Labour)	Basingstoke
Rachel Blake MP (Labour)	Cities of London and Westminster	Catherine West MP (Labour)	Hornsey and Friern Barnet

2019–2024 Parliament

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

Member	Constituency
Conservative Party (UK)}}"	Mel Stride MP (Chair)	Conservative
Labour Party (UK)}}"	Rushanara Ali MP	Labour
Conservative Party (UK)}}"	Steve Baker MP	Conservative
Conservative Party (UK)}}"	Harriett Baldwin MP	Conservative
Conservative Party (UK)}}"	Anthony Browne MP	Conservative
Conservative Party (UK)}}"	Felicity Buchan MP	Conservative
Labour Party (UK)}}"	Angela Eagle MP	Labour
Labour Party (UK)}}"	Liz Kendall MP	Labour
Conservative Party (UK)}}"	Julie Marson MP	Conservative
Labour Party (UK)}}"	Alison McGovern MP	Labour
Scottish National Party}}"	Alison Thewliss MP	Scottish National Party

Changes 2019–2024

Date	Outgoing member
and party	Constituency	→	New member
and party	Constituency	Source
11 May 2020	Labour Party (UK)}}"		Liz Kendall MP (Labour)	Leicester West	→	Labour Party (UK)}}"		Mike Hill MP (Labour)
Alison McGovern MP (Labour)	Wirral South	Siobhain McDonagh MP (Labour)	Mitcham and Morden
16 March 2021	Labour Party (UK)}}"		Mike Hill MP (Labour)	Hartlepool	→	Vacant	Resignation of member from Parliament
20 April 2021	Vacant	→	Labour Party (UK)}}"		Emma Hardy MP (Labour)	Kingston upon Hull West and Hessle	Hansard
nowrap	19 October 2021	Conservative Party (UK)}}"		Steve Baker MP (Conservative)	Wycombe	→	Conservative Party (UK)}}"		Gareth Davies MP (Conservative)
nowrap	14 December 2021	Conservative Party (UK)}}"		Felicity Buchan MP (Conservative)	Kensington	→	Conservative Party (UK)}}"		Kevin Hollinrake MP (Conservative)
nowrap	26 October 2022	Conservative Party (UK)}}"		Mel Stride MP (Chair, Conservative)	Central Devon	→	Vacant	Hansard
9 November 2022	Conservative Party (UK)}}"		Harriett Baldwin MP (Conservative)	West Worcestershire	→	Vacant	Hansard
Vacant	→	Conservative Party (UK)}}"		Harriett Baldwin MP (Chair, Conservative)	West Worcestershire
21 November 2022	Vacant	→	Conservative Party (UK)}}"		John Baron MP (Conservative)	Basildon and Billericay	Hansard
Conservative Party (UK)}}"		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
nowrap	16 January 2023	Scottish National Party}}"		Alison Thewliss MP (SNP)	Glasgow Central	→	Scottish National Party}}"		Douglas Chapman MP (SNP)
nowrap	26 June 2023	Conservative Party (UK)}}"		Anthony Browne MP (Conservative)	South Cambridgeshire	→	Conservative Party (UK)}}"		James Duddridge MP (Conservative)
nowrap	12 September 2023	Scottish National Party}}"		Douglas Chapman MP (SNP)	Dunfermline and West Fife	→	Scottish National Party}}"		Drew Hendry MP (SNP)
nowrap	20 November 2023	Labour Party (UK)}}"		Rushanara Ali MP (Labour)	Bethnal Green and Bow	→	Labour Party (UK)}}"		Keir Mather MP (Labour)
11 December 2023	Conservative Party (UK)}}"		Sir James Duddridge MP (Conservative)	Rochford and Southend East	→	Conservative Party (UK)}}"		Thérèse Coffey MP (Conservative)
Dame Andrea Leadsom MP (Conservative)	South Northamptonshire	Stephen Hammond MP (Conservative)	Wimbledon
11 March 2024	Labour Party (UK)}}"		Emma Hardy MP (Labour)	Kingston upon Hull West and Hessle	→	Labour Party (UK)}}"		Samantha Dixon MP (Labour)

Past membership lists

2017–2019 Parliament

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

Member	Constituency
Conservative Party (UK)}}"	Nicky Morgan MP (Chair)	Conservative
Labour Party (UK)}}"	Rushanara Ali MP	Labour
Conservative Party (UK)}}"	Charlie Elphicke MP	Conservative
Conservative Party (UK)}}"	Stephen Hammond MP	Conservative
Scottish National Party}}"	Stewart Hosie MP	Scottish National Party
Conservative Party (UK)}}"	Alister Jack MP	Conservative
Conservative Party (UK)}}"	Kit Malthouse MP	Conservative
Labour Party (UK)}}"	Alison McGovern MP	Labour and Co-op
Labour Party (UK)}}"	Catherine McKinnell MP	Labour
Labour Party (UK)}}"	John Mann MP	Labour
Labour Party (UK)}}"	Wes Streeting MP	Labour

Changes 2017–2019

Date	Outgoing member
and party	Constituency	→	New member
and party	Constituency	Source
nowrap	20 February 2018	Conservative Party (UK)}}"		Kit Malthouse MP (Conservative)	North West Hampshire	→	Conservative Party (UK)}}"		Simon Clarke MP (Conservative)
nowrap	29 October 2018	Conservative Party (UK)}}"		Alister Jack MP (Conservative)	Dumfries and Galloway	→	Conservative Party (UK)}}"		Colin Clark MP (Conservative)
nowrap	3 December 2018	Conservative Party (UK)}}"		Stephen Hammond MP (Conservative)	Wimbledon	→	Conservative Party (UK)}}"		Steve Baker MP (Conservative)
nowrap	10 June 2019	Scottish National Party}}"		Stewart Hosie MP (SNP)	Dundee East	→	Scottish National Party}}"		Alison Thewliss MP (SNP)
nowrap	25 July 2019	Conservative Party (UK)}}"		Nicky Morgan MP (Conservative)	Loughborough	→	Vacant	Hansard
nowrap	23 October 2019	Vacant	→	Conservative Party (UK)}}"		Mel Stride MP (Conservative)	Central Devon	Hansard

2015–2017 Parliament

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

Member	Constituency
Conservative Party (UK)}}"	Andrew Tyrie MP (Chair)	Conservative
Conservative Party (UK)}}"	Steve Baker MP	Conservative
Labour Party (UK)}}"	Bill Esterson MP	Labour
Conservative Party (UK)}}"	Mark Garnier MP	Conservative
Labour Party (UK)}}"	Helen Goodman MP	Labour and Co-op
Conservative Party (UK)}}"	Stephen Hammond MP	Conservative
Scottish National Party}}"	George Kerevan MP	Scottish National Party
Labour Party (UK)}}"	John Mann MP	Labour
Conservative Party (UK)}}"	Chris Philp MP	Conservative
Conservative Party (UK)}}"	Jacob Rees-Mogg MP	Conservative
Labour Party (UK)}}"	Wes Streeting MP	Labour

Changes 2015–2017

Date	Outgoing member
and party	Constituency	→	New member
and party	Constituency	Source
nowrap	26 October 2015	Labour Party (UK)}}"		Bill Esterson MP (Labour)	Sefton Central	→	Labour Party (UK)}}"	Rachel Reeves MP (Labour)
nowrap	31 October 2016	Conservative Party (UK)}}"		Mark Garnier MP (Conservative)	Wyre Forest	→	Conservative Party (UK)}}"	Kit Malthouse MP (Conservative)

2010–2015 Parliament

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

Member	Party	Constituency
Conservative Party (UK)}}"		Andrew Tyrie MP (Chair)	Conservative
Labour Party (UK)}}"		John Cryer MP	Labour
Conservative Party (UK)}}"		Michael Fallon MP	Conservative
Conservative Party (UK)}}"		Mark Garnier MP	Conservative
Scottish National Party}}"		Stewart Hosie MP	Scottish National Party
Conservative Party (UK)}}"		Andrea Leadsom MP	Conservative
Labour Party (UK)}}"		Andy Love MP	Labour and Co-op
Labour Party (UK)}}"		John Mann MP	Labour
Labour Party (UK)}}"		George Mudie MP	Labour
Conservative Party (UK)}}"		Jesse Norman MP	Conservative
Conservative Party (UK)}}"		David Rutley MP	Conservative
Liberal Democrats (UK)	Liberal Democrats}}"		John Thurso MP	Liberal Democrats
Labour Party (UK)}}"		Chuka Umunna MP	Labour

Changes 2010–2015

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

List of chairs of the Treasury Select Committee

Chair	Party	Constituency	First elected	Method
Labour Party (UK)}}"		Meg Hillier	Labour and Co-op	Hackney South and Shoreditch	9 September 2024
Conservative Party (UK)}}"		Harriett Baldwin	Conservative	West Worcestershire	9 November 2022
Conservative Party (UK)}}"		Mel Stride	Conservative	Central Devon	23 October 2019
Conservative Party (UK)}}"		Nicky Morgan	Conservative	Loughborough	12 July 2017
Conservative Party (UK)}}"		Andrew Tyrie	Conservative	Chichester	10 June 2010
Labour Co-operative}}"		John McFall	Labour Co-op	West Dunbartonshire
(Dumbarton 1987–2005)	18 July 2001
Labour Party (UK)}}"		Giles Radice	Labour	North Durham	17 July 1997

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. Elections are held at the beginning of a parliament or in the event of a vacancy.

9 September 2024	Candidate	1st round	Votes	%	Valid votes
Labour Party (UK)}}"		Meg Hillier	Unopposed
Not redistributed

9 November 2024	1st round	2nd round	3rd round	4th round	Votes	%	Votes	%	Votes
Conservative Party (UK)}}"	Harriett Baldwin	156	39.3	169	42.9	182	46.7	204	54.4
Conservative Party (UK)}}"	Andrea Leadsom	106	26.7	114	28.9	141	36.2	171	45.6
Conservative Party (UK)}}"	John Baron	55	13.9	61	15.5	67	17.2	Eliminated
Conservative Party (UK)}}"	Kit Malthouse	46	11.6	50	12.7	Eliminated
Conservative Party (UK)}}"	Richard Fuller	34	8.6	Eliminated
Not redistributed		3	0.8	7	1.8	22	5.5

29 January 2020	Candidate	1st round	Votes	%	Valid votes
Conservative Party (UK)}}"		Mel Stride	Unopposed
Not redistributed

23 October 2019	First round	Second round	Votes	%	Votes
Conservative Party (UK)}}"	Mel Stride	237	46.4	263	52.1
Conservative Party (UK)}}"	Kevin Hollinrake	166	32.5	175	34.7
Conservative Party (UK)}}"	Harriett Baldwin	62	12.1	67	13.3
Conservative Party (UK)}}"	Mark Garnier	46	9.0	Eliminated
Not redistributed		6	1.2

12 July 2017	1st round	2nd round	3rd round	4th round	5th round	Votes	%	Votes	%	Votes	%
Conservative Party (UK)}}"	Nicky Morgan	200	35.1	207	36.4	227	40.5	254	46.4	290	56.2
Conservative Party (UK)}}"	Jacob Rees-Mogg	136	23.9	141	24.8	160	28.6	179	32.7	226	43.8
Conservative Party (UK)}}"	Charlie Elphicke	74	13.0	82	14.4	98	17.5	114	20.8	Eliminated
Conservative Party (UK)}}"	Richard Bacon	65	11.4	71	12.5	75	13.4	Eliminated
Conservative Party (UK)}}"	John Penrose	63	11.1	68	12.0	Eliminated
Conservative Party (UK)}}"	Stephen Hammond	32	5.6	Eliminated
Not redistributed		1	0.2	10	1.8	23	4.0	54	9.5

17 June 2015	Candidate	1st round	Votes	%	Valid votes
Conservative Party (UK)}}"		Andrew Tyrie	Unopposed
Not redistributed

9 June 2010	1st round	Votes	%
Conservative Party (UK)}}"	Andrew Tyrie	352	61.6
Conservative Party (UK)}}"	Michael Fallon	219	38.4
Not redistributed

References

(9 Sep 2024). "Dame Meg Hillier MP elected as Chair of the Treasury Committee".
Aldrick, Philip. (2022-08-27). "Matt Hancock One of Six MPs Running for Treasury Committee Chair".
"Role - Treasury Committee".
George Parker. (26 January 2012). "Tyrie aims to bring 'Sun King' down to earth". [[FT.com]].
Mason, Rowena. (2017-07-07). "Conservatives battle for chairmanship of powerful Treasury committee". The Guardian.
(2017-07-12). "The Guardian view on select committees: chairs of power". The Guardian.
Ford, James. (2016-03-30). "The Three Most Influential Select Committees".
(2019-06-24). "The impact of Business Rates on business inquiry".
(2020-02-27). "Government response to Treasury Committee business rates inquiry".
. (29 October 2024). ["Treasury Committee membership appointed"](https://committees.parliament.uk/committee/158/treasury-committee/news/203450/treasury-committee-membership-appointed/). *Treasury Committee*.
(27 January 2020). "Speaker's Statement: Select Committee Chairs".
(2 March 2020). "Scottish Affairs Committee".
(16 March 2021). "Hartlepool Labour MP Mike Hill quits, triggering red wall byelection". The Guardian.
(12 July 2017). "Speaker's Statement: Select Committee Chairs".
(11 September 2017). "Business without Debate".
(18 June 2015). "Speaker's Statement".
(8 July 2015). "Business without Debate".
(10 June 2010). "Speaker's Statement".
(12 July 2010). "Committees".
"Dame Meg Hillier MP elected as Chair of the Treasury Committee - Committees - UK Parliament".
"Treasury Committee Chair Election - Result Sheet".
(24 October 2019). "Ex-minister Mel Stride elected as head of Treasury committee". [[The Times]].
(12 July 2017). "Nicky Morgan to lead Treasury committee". BBC News.
"House of Commons – Treasury – Second Special Report".
"Standing Orders of the House of Commons".
Priddy, Sarah. (16 October 2018). "Chairs of Commons select committees since 2010". UK Parliament.
"Dame Meg Hillier MP elected as Chair of the Treasury Committee - Committees - UK Parliament".
"Treasury Committee Chair Election - Result Sheet".
Treasury Select Committee. (29 January 2020). "Committee Chair Election Results 2020". House of Commons of the United Kingdom.
Treasury Select Committee (23 October 2019) [https://www.parliament.uk/documents/commons-committees/treasury/Final-Results-Treasury-Chair.pdf "Treasury Committee Chair Election – Result Sheet"] {{Webarchive. link. (2019-11-11 (PDF). House of Commons of the United Kingdom. Retrieved November 11, 2019.)
Treasury Select Committee. (12 July 2017). "Committee Chair Election Results". House of Commons of the United Kingdom 2017.
Treasury Select Committee. (17 June 2015). "Committee Chair Election Results 2015". House of Commons of the United Kingdom.
Treasury Select Committee. (9 June 2010). "Committee Chair Election Results 2010". House of Commons of the United Kingdom.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

british-economic-policy select-committees-of-the-british-house-of-commons hm-treasury

Want to explore this topic further?

Ask Mako anything about Treasury Select Committee — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report