# 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 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 | Party | Constituency |
| Meg Hillier MP (Chair) | Labour | Hackney South and Shoreditch |
| Harriett Baldwin MP | Conservative | West Worcestershire |
| Rachel Blake MP | Labour | Cities of London and Westminster |
| Chris Coghlan MP | Liberal Democrats | Dorking and Horley |
| Bobby Dean MP | Liberal Democrats | Carshalton and Wallington |
| John Glen MP | Conservative | Salisbury |
| John Grady MP | Labour | Glasgow East |
| Siobhain McDonagh MP | Labour | Mitcham and Morden |
| Lola McEvoy MP | Labour | Darlington |
| Jeevun Sandher MP | Labour | Loughborough |
| Yuan Yang MP | Labour | Earley and Woodley |

### Changes since 2024

| Date | Outgoing Member & Party | Outgoing Member & Party | Constituency | → | New Member & Party | New Member & Party | Constituency | Source |
| 9 December 2024 | | Lucy Rigby MP (Labour) | Northampton North | → | | John Grady MP (Labour) | Glasgow East | Hansard |

## 2019–2024 Parliament

The chair was elected on 27 January 2020, with the members of the committee being announced on 2 March 2020.
| Member | Party | Constituency |
| Mel Stride MP (Chair) | Conservative | Central Devon |
| Rushanara Ali MP | Labour | Bethnal Green and Bow |
| Steve Baker MP | Conservative | Wycombe |
| Harriett Baldwin MP | Conservative | West Worcestershire |
| Anthony Browne MP | Conservative | South Cambridgeshire |
| Felicity Buchan MP | Conservative | Kensington |
| Angela Eagle MP | Labour | Wallasey |
| Liz Kendall MP | Labour | Leicester West |
| Julie Marson MP | Conservative | Hertford and Stortford |
| Alison McGovern MP | Labour | Wirral South |
| Alison Thewliss MP | Scottish National Party | Glasgow Central |

### Changes 2019–2024

| Date | Outgoing member and party | Outgoing member and party | Constituency | → | New member and party | New member and party | Constituency | Source |
| 11 May 2020 | | Liz Kendall MP (Labour) | Leicester West | → | | Mike Hill MP (Labour) | Hartlepool | Hansard |
| 11 May 2020 | | Alison McGovern MP (Labour) | Wirral South | → | | Siobhain McDonagh MP (Labour) | Mitcham and Morden | Hansard |
| 16 March 2021 | | Mike Hill MP (Labour) | Hartlepool | → | Vacant | Vacant | Vacant | Resignation of member from Parliament |
| 20 April 2021 | Vacant | Vacant | Vacant | → | | Emma Hardy MP (Labour) | Kingston upon Hull West and Hessle | Hansard |
| 19 October 2021 | | Steve Baker MP (Conservative) | Wycombe | → | | Gareth Davies MP (Conservative) | Grantham and Stamford | Hansard |
| 14 December 2021 | | Felicity Buchan MP (Conservative) | Kensington | → | | Kevin Hollinrake MP (Conservative) | Thirsk and Malton | Hansard |
| 26 October 2022 | | Mel Stride MP (Chair, Conservative) | Central Devon | → | Vacant | Vacant | Vacant | Hansard |
| 9 November 2022 | | Harriett Baldwin MP (Conservative) | West Worcestershire | → | Vacant | Vacant | Vacant | Hansard |
| 9 November 2022 | Vacant | Vacant | Vacant | → | | Harriett Baldwin MP (Chair, Conservative) | West Worcestershire | Hansard |
| 21 November 2022 | Vacant | Vacant | Vacant | → | | John Baron MP (Conservative) | Basildon and Billericay | Hansard |
| 21 November 2022 | | Gareth Davies MP (Conservative) | Grantham and Stamford | → | | Danny Kruger MP (Conservative) | Devizes | Hansard |
| 21 November 2022 | | Kevin Hollinrake MP (Conservative) | Thirsk and Malton | → | | Andrea Leadsom MP (Conservative) | South Northamptonshire | Hansard |
| 21 November 2022 | | Julie Marson MP (Conservative) | Hertford and Stortford | → | | Anne Marie Morris MP (Conservative) | Newton Abbot | Hansard |
| 16 January 2023 | | Alison Thewliss MP (SNP) | Glasgow Central | → | | Douglas Chapman MP (SNP) | Dunfermline and West Fife | Hansard |
| 26 June 2023 | | Anthony Browne MP (Conservative) | South Cambridgeshire | → | | James Duddridge MP (Conservative) | Rochford and Southend East | Hansard |
| 12 September 2023 | | Douglas Chapman MP (SNP) | Dunfermline and West Fife | → | | Drew Hendry MP (SNP) | Inverness, Nairn, Badenoch and Strathspey | Hansard |
| 20 November 2023 | | Rushanara Ali MP (Labour) | Bethnal Green and Bow | → | | Keir Mather MP (Labour) | Selby and Ainsty | Hansard |
| 11 December 2023 | | Sir James Duddridge MP (Conservative) | Rochford and Southend East | → | | Thérèse Coffey MP (Conservative) | Suffolk Coastal | Hansard |
| 11 December 2023 | | Dame Andrea Leadsom MP (Conservative) | South Northamptonshire | → | | Stephen Hammond MP (Conservative) | Wimbledon | Hansard |
| 11 March 2024 | | Emma Hardy MP (Labour) | Kingston upon Hull West and Hessle | → | | Samantha Dixon MP (Labour) | City of Chester | Hansard |

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

#### Changes 2017–2019

| Date | Outgoing member and party | Outgoing member and party | Constituency | → | New member and party | New member and party | Constituency | Source |
| 20 February 2018 | | Kit Malthouse MP (Conservative) | North West Hampshire | → | | Simon Clarke MP (Conservative) | Middlesbrough South and East Cleveland | Hansard |
| 29 October 2018 | | Alister Jack MP (Conservative) | Dumfries and Galloway | → | | Colin Clark MP (Conservative) | Gordon | Hansard |
| 3 December 2018 | | Stephen Hammond MP (Conservative) | Wimbledon | → | | Steve Baker MP (Conservative) | Wycombe | Hansard |
| 10 June 2019 | | Stewart Hosie MP (SNP) | Dundee East | → | | Alison Thewliss MP (SNP) | Glasgow Central | Hansard |
| 25 July 2019 | | Nicky Morgan MP (Conservative) | Loughborough | → | Vacant | Vacant | Vacant | Hansard |
| 23 October 2019 | Vacant | Vacant | Vacant | → | | 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 | Party | Constituency |
| Andrew Tyrie MP (Chair) | Conservative | Chichester |
| Steve Baker MP | Conservative | Wycombe |
| Bill Esterson MP | Labour | Sefton Central |
| Mark Garnier MP | Conservative | Wyre Forest |
| Helen Goodman MP | Labour and Co-op | Bishop Auckland |
| Stephen Hammond MP | Conservative | Wimbledon |
| George Kerevan MP | Scottish National Party | East Lothian |
| John Mann MP | Labour | Bassetlaw |
| Chris Philp MP | Conservative | Croydon South |
| Jacob Rees-Mogg MP | Conservative | North East Somerset |
| Wes Streeting MP | Labour | Ilford North |

#### Changes 2015–2017

| Date | Outgoing member and party | Outgoing member and party | Constituency | → | New member and party | New member and party | Constituency | Source |
| 26 October 2015 | | Bill Esterson MP (Labour) | Sefton Central | → | | Rachel Reeves MP (Labour) | Leeds West | Hansard |
| 31 October 2016 | | Mark Garnier MP (Conservative) | Wyre Forest | → | | 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.
| Member | Party | Constituency |
| Andrew Tyrie MP (Chair) | Conservative | Chichester |
| John Cryer MP | Labour | Leyton and Wanstead |
| Michael Fallon MP | Conservative | Sevenoaks |
| Mark Garnier MP | Conservative | Wyre Forest |
| Stewart Hosie MP | Scottish National Party | Dundee East |
| Andrea Leadsom MP | Conservative | South Northamptonshire |
| Andy Love MP | Labour and Co-op | Edmonton |
| John Mann MP | Labour | Bassetlaw |
| George Mudie MP | Labour | Leeds East |
| Jesse Norman MP | Conservative | Hereford and South Herefordshire |
| David Rutley MP | Conservative | Macclesfield |
| John Thurso MP | Liberal Democrats | Caithness, Sutherland and Easter Ross |
| Chuka Umunna MP | Labour | Streatham |

### Changes 2010–2015

| 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 |
| 14 November 2011 | John Cryer MP (Labour) | Leyton and Wanstead | → | Teresa Pearce MP (Labour) | Erith and Thamesmead | Hansard |
| 5 November 2012 | Michael Fallon MP (Conservative) | Sevenoaks | → | Brooks Newmark MP (Conservative) | Braintree | Hansard |
| 12 May 2014 | Andrea Leadsom MP (Conservative) | South Northamptonshire | → | Steve Baker MP (Conservative) | Wycombe | Hansard |
| 12 September 2014 | Brooks Newmark MP (Conservative) | Braintree | → | Alok Sharma MP (Conservative) | Reading West | Hansard |
| 24 November 2014 | Pat McFadden MP (Labour) | Wolverhampton South East | → | Rushanara Ali MP (Labour) | Bethnal Green and Bow | Hansard |
| 24 November 2014 | George Mudie MP (Labour) | Leeds East | → | Mike Kane MP (Labour) | Wythenshawe and Sale East | Hansard |

## List of chairs 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 |
| Nicky Morgan | Conservative | Loughborough | 12 July 2017 | Elected by the House of Commons |
| 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 |
| 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. Elections are held at the beginning of a parliament or in the event of a vacancy.
29 January 2020 :
| Candidate | Candidate | 1st round | 1st round |
| Candidate | Candidate | Votes | % |
| | Mel Stride | Unopposed | Unopposed |
| Not redistributed | Not redistributed | | |
| Valid votes | Valid votes | | |
23 October 2019 :
| Candidate | Candidate | First round | First round | Second round | Second round |
| Candidate | Candidate | 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 | Eliminated |
| Not redistributed | Not redistributed | | | 6 | 1.2 |
| Valid votes | Valid votes | 511 | | 505 | |
12 July 2017 :
| Candidate | Candidate | 1st round | 1st round | 2nd round | 2nd round | 3rd round | 3rd round | 4th round | 4th round | 5th round | 5th round |
| Candidate | Candidate | 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 | Eliminated |
| | Richard Bacon | 65 | 11.4 | 71 | 12.5 | 75 | 13.4 | Eliminated | Eliminated | Eliminated | Eliminated |
| | John Penrose | 63 | 11.1 | 68 | 12.0 | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated |
| | Stephen Hammond | 32 | 5.6 | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated | Eliminated |
| Not redistributed | Not redistributed | | | 1 | 0.2 | 10 | 1.8 | 23 | 4.0 | 54 | 9.5 |
| Valid votes | Valid votes | 570 | | 569 | | 560 | | 547 | | 516 | |
17 June 2015 :
| Candidate | Candidate | 1st round | 1st round |
| Candidate | Candidate | Votes | % |
| | Andrew Tyrie | Unopposed | Unopposed |
| Not redistributed | Not redistributed | | |
| Valid votes | Valid votes | | |
9 June 2010 :
| Candidate | Candidate | 1st round | 1st round |
| Candidate | Candidate | Votes | % |
| | Andrew Tyrie | 352 | 61.6 |
| | Michael Fallon | 219 | 38.4 |
| Not redistributed | Not redistributed | | |
| Valid votes | Valid votes | 571 | |