Treasury Select Committee
Template:Short description Template:DMCA
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.[1] 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.[2]
History
The select committee was established in 1979 as the Treasury and Civil Service Committee.[3] 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.[4]
The select committee has been described as an influential one within British politics.[5][6][2] 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.[7]
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.[8] 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.[9]
Current membership
Membership of the committee is as follows:[10]
Changes since 2024
| Date | Outgoing Member & Party |
Constituency | → | New Member & Party |
Constituency | Source | ||
|---|---|---|---|---|---|---|---|---|
| 9 December 2024 | style="color:inherit;background:Template:Party color" | | Lucy Rigby MP (Labour) | Northampton North | → | style="color:inherit;background:Template:Party color" | | John Grady MP (Labour) | Glasgow East | Hansard |
| 27 October 2025 | rowspan=3 style="color:inherit;background:Template:Party color" | | Lola McEvoy MP (Labour) | Darlington | → | rowspan=3 style="color:inherit;background:Template:Party color" | | Jim Dickson MP (Labour) | Dartford | Hansard |
| 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.[11][12]
Changes 2019–2024
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.[14][15]
Changes 2017–2019
| Date | Outgoing member and party |
Constituency | → | New member and party |
Constituency | Source | ||
|---|---|---|---|---|---|---|---|---|
| 20 February 2018 | style="color:inherit;background:Template:Party color" | | Kit Malthouse MP (Conservative) | North West Hampshire | → | style="color:inherit;background:Template:Party color" | | Simon Clarke MP (Conservative) | Middlesbrough South and East Cleveland | Hansard |
| 29 October 2018 | style="color:inherit;background:Template:Party color" | | Alister Jack MP (Conservative) | Dumfries and Galloway | → | style="color:inherit;background:Template:Party color" | | Colin Clark MP (Conservative) | Gordon | Hansard |
| 3 December 2018 | style="color:inherit;background:Template:Party color" | | Stephen Hammond MP (Conservative) | Wimbledon | → | style="color:inherit;background:Template:Party color" | | Steve Baker MP (Conservative) | Wycombe | Hansard |
| 10 June 2019 | style="color:inherit;background:Template:Party color" | | Stewart Hosie MP (SNP) | Dundee East | → | style="color:inherit;background:Template:Party color" | | Alison Thewliss MP (SNP) | Glasgow Central | Hansard |
| 25 July 2019 | style="color:inherit;background:Template:Party color" | | Nicky Morgan MP (Conservative) | Loughborough | → | Vacant | Hansard | ||
| 23 October 2019 | Vacant | → | style="color:inherit;background:Template:Party color" | | 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.[16][17]
Changes 2015–2017
| Date | Outgoing member and party |
Constituency | → | New member and party |
Constituency | Source | ||
|---|---|---|---|---|---|---|---|---|
| 26 October 2015 | style="color:inherit;background:Template:Party color" | | Bill Esterson MP (Labour) | Sefton Central | → | style="color:inherit;background:Template:Party color" | | Rachel Reeves MP (Labour) | Leeds West | Hansard |
| 31 October 2016 | style="color:inherit;background:Template:Party color" | | Mark Garnier MP (Conservative) | Wyre Forest | → | style="color:inherit;background:Template:Party color" | | Kit Malthouse MP (Conservative) | North West Hampshire | Hansard |
2010–2015 Parliament
The chair was elected on 10 June 2010, with members being announced on 12 July 2010.[18][19]
Changes 2010–2015
List of chairs of the Treasury Select Committee
| Chair | Party | Constituency | First elected | Method | |
|---|---|---|---|---|---|
| style="color:inherit;background-color: Template:Party color" | | Meg Hillier | Labour and Co-op | Hackney South and Shoreditch | 9 September 2024 | Elected by the House of Commons[20] |
| style="color:inherit;background-color: Template:Party color" | | Harriett Baldwin | Conservative | West Worcestershire | 9 November 2022 | Elected by the House of Commons[21] |
| style="color:inherit;background-color: Template:Party color" | | Mel Stride | Conservative | Central Devon | 23 October 2019 | Elected by the House of Commons[22] |
| style="color:inherit;background-color: Template:Party color" | | Nicky Morgan | Conservative | Loughborough | 12 July 2017 | Elected by the House of Commons[23] |
| style="color:inherit;background-color: Template:Party color" | | Andrew Tyrie | Conservative | Chichester | 10 June 2010 | Elected by the House of Commons |
| style="color:inherit;background-color: Template:Party color" | | John McFall | Labour Co-op | West Dunbartonshire (Dumbarton 1987–2005) |
18 July 2001 | Elected by the select committee[24] |
| style="color:inherit;background-color: Template:Party color" | | 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.[25] Elections are held at the beginning of a parliament or in the event of a vacancy.[26]
| 9 September 2024[27] | |||
|---|---|---|---|
| Candidate | 1st round | ||
| Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Meg Hillier | Unopposed | |
| Not redistributed | |||
| Valid votes | |||
| 9 November 2024[28] | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Candidate | 1st round | 2nd round | 3rd round | 4th round | |||||||
| Votes | % | Votes | % | Votes | % | Votes | % | ||||
| style="color:inherit;background-color: Template:Party color" | | Harriett Baldwin | 156 | 39.3 | 169 | 42.9 | 182 | 46.7 | 204 | 54.4 | ||
| style="color:inherit;background-color: Template:Party color" | | Andrea Leadsom | 106 | 26.7 | 114 | 28.9 | 141 | 36.2 | 171 | 45.6 | ||
| style="color:inherit;background-color: Template:Party color" | | John Baron | 55 | 13.9 | 61 | 15.5 | 67 | 17.2 | Eliminated | |||
| style="color:inherit;background-color: Template:Party color" | | Kit Malthouse | 46 | 11.6 | 50 | 12.7 | Eliminated | |||||
| style="color:inherit;background-color: Template:Party color" | | Richard Fuller | 34 | 8.6 | Eliminated | |||||||
| Not redistributed | 3 | 0.8 | 7 | 1.8 | 22 | 5.5 | |||||
| Valid votes | 397 | 394 | 390 | 375 | |||||||
| 29 January 2020[29] | |||
|---|---|---|---|
| Candidate | 1st round | ||
| Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Mel Stride | Unopposed | |
| Not redistributed | |||
| Valid votes | |||
| 23 October 2019[30] | |||||
|---|---|---|---|---|---|
| Candidate | First round | Second round | |||
| Votes | % | Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Mel Stride | 237 | 46.4 | 263 | 52.1 |
| style="color:inherit;background-color: Template:Party color" | | Kevin Hollinrake | 166 | 32.5 | 175 | 34.7 |
| style="color:inherit;background-color: Template:Party color" | | Harriett Baldwin | 62 | 12.1 | 67 | 13.3 |
| style="color:inherit;background-color: Template:Party color" | | Mark Garnier | 46 | 9.0 | Eliminated | |
| Not redistributed | 6 | 1.2 | |||
| Valid votes | 511 | 505 | |||
| 12 July 2017[31] | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Candidate | 1st round | 2nd round | 3rd round | 4th round | 5th round | ||||||
| Votes | % | Votes | % | Votes | % | Votes | % | Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Nicky Morgan | 200 | 35.1 | 207 | 36.4 | 227 | 40.5 | 254 | 46.4 | 290 | 56.2 |
| style="color:inherit;background-color: Template:Party color" | | Jacob Rees-Mogg | 136 | 23.9 | 141 | 24.8 | 160 | 28.6 | 179 | 32.7 | 226 | 43.8 |
| style="color:inherit;background-color: Template:Party color" | | Charlie Elphicke | 74 | 13.0 | 82 | 14.4 | 98 | 17.5 | 114 | 20.8 | Eliminated | |
| style="color:inherit;background-color: Template:Party color" | | Richard Bacon | 65 | 11.4 | 71 | 12.5 | 75 | 13.4 | Eliminated | |||
| style="color:inherit;background-color: Template:Party color" | | John Penrose | 63 | 11.1 | 68 | 12.0 | Eliminated | |||||
| style="color:inherit;background-color: Template:Party color" | | 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[32] | |||
|---|---|---|---|
| Candidate | 1st round | ||
| Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Andrew Tyrie | Unopposed | |
| Not redistributed | |||
| Valid votes | |||
| 9 June 2010[33] | |||
|---|---|---|---|
| Candidate | 1st round | ||
| Votes | % | ||
| style="color:inherit;background-color: Template:Party color" | | Andrew Tyrie | 352 | 61.6 |
| style="color:inherit;background-color: Template:Party color" | | Michael Fallon | 219 | 38.4 |
| Not redistributed | |||
| Valid votes | 571 | ||
See also
References
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- ^ Page Module:Citation/CS1/styles.css has no content.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.
- ^ Page Module:Citation/CS1/styles.css has no content.Mason, Rowena (7 July 2017). "Conservatives battle for chairmanship of powerful Treasury committee". The Guardian. ISSN 0261-3077. Retrieved 17 January 2024.
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- ^ Page Module:Citation/CS1/styles.css has no content."Treasury Committee Chair Election - Result Sheet" (PDF). UK Parliament. Retrieved 7 October 2025.
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- ^ Page Module:Citation/CS1/styles.css has no content."Nicky Morgan to lead Treasury committee". BBC News. 12 July 2017. Archived from the original on 15 April 2019. Retrieved 15 April 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."House of Commons – Treasury – Second Special Report". publications.parliament.uk. Archived from the original on 15 April 2019. Retrieved 15 April 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Standing Orders of the House of Commons". publications.parliament.uk. Archived from the original on 27 March 2019. Retrieved 15 April 2019.
- ^ Page Module:Citation/CS1/styles.css has no content.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.
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- ^ Page Module:Citation/CS1/styles.css has no content."Treasury Committee Chair Election - Result Sheet" (PDF). UK Parliament. Retrieved 7 October 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.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.
- ^ Treasury Select Committee (23 October 2019) "Treasury Committee Chair Election – Result Sheet" Script error: No such module "webarchive". (PDF). House of Commons of the United Kingdom. Retrieved November 11, 2019.
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External links
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