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

2019-present

In January 2020, Mel Stride was re-elected as the committee's chair.[2]

Member Party Constituency
Rt Hon. Mel Stride MP (Chair) Conservative Central Devon
Harriett Baldwin MP Conservative West Worcestershire
Steve Baker MP Conservative Wycombe
Felicity Buchan MP Conservative Kensington
Anthony Browne MP Conservative South Cambridgeshire
Julie Marson MP Conservative Hertford & Stortford
Angela Eagle MP Labour Wallasey
Liz Kendall MP Labour Leicester West
Alison McGovern MP Labour Wirral South
Rushanara Ali MP Labour Bethnal Green & Bow
Alison Thewliss MP Scottish National Party Glasgow Central

2017-2019

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 Independent Dover
Stephen Hammond MP Conservative Wimbledon
Alister Jack MP Conservative Dumfries and Galloway
Simon Clarke MP Conservative Middlesbrough South and East Cleveland
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

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
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

Chair of the Treasury Select Committee
Chair Party Constituency First elected Method
Mel Stride Conservative Central Devon 23 October 2019 Elected by the House of Commons[4]
Nicky Morgan Conservative Loughborough 12 July 2017 Elected by the House of Commons[5]
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[6]
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.[7] Elections are held at the beginning of a parliament or in the event of a vacancy.[8]

29 January 2020[9]
Candidate 1st round
Votes %
Mel Stride Unopposed
Not redistributed
Valid votes
23 October 2019[10]
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[11]
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[12]
Candidate 1st round
Votes %
Andrew Tyrie Unopposed
Not redistributed
Valid votes
9 June 2010[13]
Candidate 1st round
Votes %
Andrew Tyrie 352 61.6
Michael Fallon 219 38.4
Not redistributed
Valid votes 571
gollark: How can you eat what's in the fridge *tomorrow*? Intertemporal apiary transport?
gollark: I see.
gollark: And yet.
gollark: Too scared to implement Macron, Lyric Ly?
gollark: What?

See also

References
  1. George Parker (26 January 2012). "Tyrie aims to bring 'Sun King' down to earth". FT.com. Retrieved 5 May 2012.
  2. https://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/news-parliament-2017/new-chair-announcement-19-21/
  3. Martin, Will. "Meet Nicky Morgan, the new 'grand inquisitor' of Mark Carney, Philip Hammond and Britain's financial industry". Business Insider UK. Retrieved 15 April 2019.
  4. "Ex-minister Mel Stride elected as head of Treasury committee". The Times. 24 October 2019. Retrieved 24 October 2019.
  5. "Nicky Morgan to lead Treasury committee". 12 July 2017. Retrieved 15 April 2019 – via www.bbc.co.uk.
  6. "House of Commons - Treasury - Second Special Report". publications.parliament.uk. Retrieved 15 April 2019.
  7. "Standing Orders of the House of Commons". publications.parliament.uk. Retrieved 15 April 2019.
  8. Priddy, Sarah (16 October 2018). "Chairs of Commons select committees since 2010". UK Parliament. Retrieved 15 April 2019 – via Research Briefings. Cite journal requires |journal= (help)
  9. Treasury Select Committee (29 January 2020). "Committee Chair Election Results 2020" (PDF). House of Commons of the United Kingdom. Retrieved March 7, 2020.
  10. Treasury Select Committee (23 October 2019) "Treasury Committee Chair Election - Result Sheet" (PDF). House of Commons of the United Kingdom. Retrieved November 11, 2019.
  11. Treasury Select Committee (12 July 2017). "Committee Chair Election Results" (PDF). House of Commons of the United Kingdom 2017. Retrieved April 15, 2019.
  12. Treasury Select Committee (17 June 2015). "Committee Chair Election Results 2015" (PDF). House of Commons of the United Kingdom. Retrieved April 15, 2019.
  13. Treasury Select Committee (9 June 2010). "Committee Chair Election Results 2010" (PDF). House of Commons of the United Kingdom. Retrieved April 15, 2019.
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