36. Treasury
The Committee was nominated on 16 July 1997.
It had 12 Members and held 62 meetings.
|
| Members | Meetings attended |
|
|
Mr Giles Radice (Chairman) | 61 |
|
Mrs Liz Blackman | 52 |
|
Mr Malcolm Bruce (discharged, 31.7.98) | 35 |
|
Dr Vincent Cable (added, 31.7.98) | 8 |
|
Mr Charles Clarke (discharged, 9.11.98) | 46 |
|
Mr Tony Colman (discharged, 2.3.98) | 19 |
|
Mr Jim Cousins | 51 |
|
Mr Quentin Davies (discharged, 15.6.98) | 39 |
|
Mr Nick Gibb (added, 15.6.98) | 8 |
|
Ms Ruth Kelly (discharged, 9.11.98) | 41 |
|
Mr David Kidney (added, 2.3.98) | 30 |
|
Sir Peter Lloyd | 51 |
|
Dr Lewis Moonie (added, 9.11.98) | 0 |
|
Mr Brian Sedgemore | 28 |
|
Sir Michael Spicer | 46 |
|
Jacqui Smith (added, 9.11.98) | 2 |
|
Taylor, Sir Teddy | 40 |
|
Overall attendance: 74.9 %
Number of Members added: 5
Number of Members discharged: 5
Turnover of membership during the Session: 42
%
Staff
Committee Clerk: Mrs J Sharpe (until 31.12.97); Mr
S J Patrick (from 1.1.98)
Other Committee staff: Ms J Long, Assistant Clerk;
Ms J Fox, Senior Executive Officer (Grade 8); Mr R Derecki, Specialist
Assistant (Grade 8); Mr R Nash, Specialist Assistant (Grade 8)
(until 12.10.97); Mr J Lepper, Specialist Assistant (Grade 8)
(from 23.2.98); Mrs B Hunter, Secretary (Grade 12) (until 31.12.97);
Miss M. Owens (Grade 12) (from 1.1.98); and Mr M Cruickshank,
Senior Office Clerk (Grade 13)*.
* Also assists Committee of Public Accounts
Specialist Advisers during the Session
Mr John Arrowsmith, Professor Charles Bean, Mr Graham
Bishop, Mr Roger Bootle, Mr Simon Briscoe, Professor David Heald,
Mr David Miles, Professor Richard Portes, Mrs Bridget Rosewell
and Mr David Walton.
Witnesses
Oral evidence was given during the Session by the
following categories of witnesses:
Number of appearances by:-
Cabinet Ministers: 9
Other Ministers: 2 (of whom 1 was a Member of
the House of Lords)
Number of appearances by officials from, or representatives
of:-
HM Treasury: 46
other departments: 2
comprising:- Scottish Office 1
Welsh
Office 1
non-departmental public bodies: 40
comprising:-Bank of England 35
Financial Services Authority: 5
Appearances by other witnesses: 71
Overseas Visits
Date |
Destination
|
Members |
Staff |
Purpose
|
Cost |
2-3.2.98
|
Paris |
8
|
2
|
Inquiry into UK and Preparations for Stage Three of Economic and Monetary Union
|
£5,917.48 (estimate)
|
10-12.2.98
|
Frankfurt, Bonn and Rome
|
9
|
2
|
Inquiry into UK and Preparations for Stage Three of Economic and Monetary Union
|
£12,070.22
|
7-11.6.98
|
Washington |
6
|
2
|
Inquiries into Accountability of the Bank of England, Financial Services Authority and International Monetary Fund
|
£32,269.32
|
Visits to European Institutions in Brussels and Strasbourg
Date |
Destination
|
Members |
Staff |
Purpose
|
Cost |
28.10.97 |
Brussels
|
7
|
3
|
Meetings with European Commissioners
|
£2,744.26
|
14.4.98 |
Brussels
|
1*
|
1
|
Meeting with Economic and Monetary Affairs Committee of European Parliament and representatives of National Parliaments
|
£689
|
3.11.98 |
Brussels
|
1*
|
1
|
Meeting with European Parliament Monetary Affairs Sub-Committee and representatives of National Parliaments
|
£674.35
|
* in a representative capacity.
UK Visits
Date
|
Destination
|
Members
|
Staff
|
Purpose
|
Cost
|
22.10.97 |
Bank of England, London
|
11
|
3
|
Briefing meeting with Governor and members of the Monetary Policy Committee
|
£83.27
|
2.12.97 |
Securities and Investments Board (now Financial Services Authority) London
|
9
|
4
|
Briefing |
£89.22
|
28.1.98 |
European Commission Office, London
|
11
|
4
|
Briefing |
Nil
|
29.4.98 |
Lloyd's of London
|
6
|
3
|
Briefing |
£76.28
|
6-7.4.98 |
Oxford
|
10
|
5
|
To hold a Strategy Seminar
|
£1,496.62
|
Reports and Minutes of Evidence
Title |
HC No.
(1997-98)
|
Date of
publication
|
No. of
pages
|
Sale price
|
Government
reply
|
First Report: Accountability of the Bank of England
|
282
|
29.10.97
|
102
|
£13.60
|
Received 21.1.98: published as Third Special Report, Session 1997-98
|
Second Report: The Barnett Formula
|
341
|
22.12.97
|
57
|
£9.70
|
Received 25.2.98: published as Fourth Special Report, Session 1997-98
|
Third Report: Confirmation Hearings
|
571
|
25.2.98
|
5
|
£2.60
|
Not required |
Fourth Report: The 1998 Budget
|
647
|
20.4.98
|
134
|
£14.70
|
Received 23.6.98: published as Fifth Special Report, Session 1997-98
|
Fifth Report: The UK and Preparations for Stage Three of Economic and Monetary Union
|
503-I
|
28.4.98
|
44
|
£8.80
|
Received 29.6.98: published as Sixth Special Report, Session 1997-98
|
Evidence: The UK and Preparations for Stage Three of Economic and Monetary Union
|
503-II
|
28.4.98
|
220
|
£20.50
|
Not applicable |
Appendices: The UK and Preparations for Stage Three of Economic and Monetary Union
|
503-III
|
30.4.98
|
172
|
£18.00
|
Not applicable |
Sixth Report: The Monetary Policy Committee of the Bank of England: Confirmation Hearings
|
822-I
|
19.6.98
|
8
|
£2.25
|
Not required |
Minutes of Evidence: The Monetary Policy Committee of the Bank of England: Confirmation Hearings
|
822-II
|
10.7.98
|
109
|
£13.60
|
Not applicable |
Seventh Report: Bank of England: Operation of Accountability—One Year On
|
993
|
17.7.98
|
13
|
£4.30
|
Received 21.10.98, (HM Treasury & Bank of England): published as Seventh Special Report, Session 1997-98
|
Eighth Report: The New Fiscal Framework and the Comprehensive Spending Review
|
960-I
|
29.7.98
|
26
|
£6.70
|
Received 26.10.98 (HM Treasury & Office for National Statistics): published as Eighth Special Report, Session 1997-98
|
Evidence and Appendices: The New Fiscal Framework and the Comprehensive Spending Review
|
960-II
|
31.7.98
|
80
|
£11.50
|
Not applicable |
Ninth Report: The Mis-Selling of Personal Pensions
|
712-I
|
17.11.98
|
22
|
£5.80
|
Awaited |
Evidence and Appendices: The Mis-Selling of Personal Pensions
|
712-II
|
19.11.98
|
131
|
£17.00
|
Not applicable |
First Special Report: Government Response to the Fourth Report 1996-97
|
197
|
4.8.97
|
5
|
£2.25
|
Not applicable |
Second Special Report: Government Response to the Fifth Report 1996-97
|
198
|
4.8.97
|
6
|
£2.25
|
Not applicable |
Third Special Report: Government Response to the First Report 1997-98
|
502*
|
2.2.98
|
15
|
£6.20
|
Not applicable |
Fourth Special Report: Government Response to the Second Report 1997-98
|
619
|
12.3.98
|
7
|
£2.25
|
Not applicable |
Fifth Special Report: Government Response to the Fourth Report 1997-98
|
877
|
1.7.98
|
8
|
£2.25
|
Not applicable |
Sixth Special Report: Government Response to the Fifth Report 1997-98
|
905
|
3.7.98
|
10
|
£3.40
|
Not applicable |
Seventh Special Report: Government and Bank of England Monetary Policy Committee Response to the Seventh Report 1997-98
|
1111
|
27.10.98
|
8
|
£2.25
|
Not applicable |
Eighth Special Report: Government Response to the Eighth Report 1997-98
|
855
|
5.11.98
|
25
|
£6.20
|
Not applicable |
Minutes of Evidence: The 1997 Budget (Budget and Monetary Issues)
|
169-i to ii
|
11.8.97
|
64
|
£10.60
|
Not applicable |
Minutes of Evidence: The Bank of England Bill
|
309**
|
26.11.97
|
15
|
£4.75
|
Not applicable |
Minutes of Evidence: Bank of England November Inflation Report
|
379-i to ii
|
14.1.98
|
48
|
£9.70
|
Not applicable |
Minutes of Evidence: Pre-Budget Report
|
420-i to ii
|
16.2.98
|
44
|
£8.80
|
Not applicable |
Minutes of Evidence: Bank of England February Inflation Report
|
572-i to ii
|
19.3.98
|
45
|
£8.80
|
Not applicable |
Minutes of Evidence: Bank of England May Inflation Report
|
759-i
|
18.6.98
|
21
|
£5.50
|
Not applicable |
* Incorporating HC 309 1997-98
** Incorporated in HC 502 1997-98
Divisions
Date |
Subject
|
22.10.97 |
Three, on consideration of amendments to Chairman's draft Report on the Accountability of the Bank of England
|
5.11.97 |
On whether the Committee should inquire into moves in the financial markets (following a letter from Mr Peter Lilley, a Member of the House)
|
15.12.97 |
Eleven, on consideration of amendments to Chairman's draft Report on the Barnett Formula
|
15.12.9 7 |
One, on the question that the Report, as amended, be the Second Report of the Committee to the House [Barnett Formula]
|
8.4.98 |
Seven, on consideration of amendments to Chairman's draft Report on the 1998 Budget
|
22.4.98 |
Twenty, on consideration of amendments to Chairman's draft Report on the UK and Preparations for Stage Three of Economic and Monetary Union
|
15.7.98 |
Three, on consideration of amendments to Chairman's draft Report on Bank of England: Operation of Accountability One Year On.
|
27.7.98 |
Seven, on consideration of amendments to Chairman's draft Report on the New Fiscal Framework and the Comprehensive Spending Review
|
12.11.98 |
Two, on consideration of amendments to Chairman's draft Report on the Mis-Selling of Personal Pensions
|
12.11.98 |
One, on the question that the Report, as amended, be the Ninth Report of the Committee to the House [The Mis-Selling of Personal Pensions]
|
Debates
The following Reports were referred to on the Order Paper as being
relevant to debates in the House:
First Report, 1997-98, Accountability of the Bank of England:
Second Reading of the Bank of England Bill, 11.11.97.
Fourth Report, 1997-98, The 1998 Budget: Second Reading of the
Finance Bill, 21.4.98.
Fifth Report, 1997-98, The UK and Preparations for Stage Three
of Economic and Monetary Union: Debate on Economic and Monetary
Union, 30.4.98
The following Minutes of Evidence were referred to on the Order
Paper as being relevant to debates in the House:
Minutes of Evidence, 21, 22 and 23 July 1997, HC 169-i to iii,
on the 1997 Budget, 28 and 29.7.97.
Minutes of Evidence, 15 July 1998, HC 960-ii, on the Economic
and Fiscal Strategy Report and the Comprehensive Spending Review
[final title of Report was "The New Fiscal Framework and
the Comprehensive Spending Review"].
Minutes of Evidence, 6 and 14 May, 25 June and 2 July 1998, HC
712-i to iv, on the Mis-Selling of Personal Pensions, 3.11.98.
Evidence
Oral evidence was taken at 43 of the Committee's 62 meetings.
On 5 of these occasions evidence was taken partly or wholly in
private. The Committee received 325 memoranda, of which 50 came
from Government departments, 15 from Executive Agencies and one
from an associated public body. The Committee published 173 memoranda.
Inquiry |
No. of oral evidence sessions
|
No. of memoranda received
|
No. of memoranda received from Government departments/
Executive Agencies/
Associated Public Bodies
|
No. of memoranda published
|
No. of memoranda made available in the Record Office for public use and placed in the Library
|
The Bank of England
Accountability
|
None |
38 |
6/1/0
|
34 |
None |
General |
1
|
13 |
3/3/0
|
2 |
None
|
Confirmation Hearings
|
3 |
9
|
None |
9
|
None |
Inflation Reports
Nov 1997
Feb 1998
May 1998
Nov 1998
|
2
2
1
1*
|
5
7
7
6
|
None
None
1/0/0
None
|
5
7
None
None
|
None
None
None
None
|
The 1997 Budget |
3 |
3
|
2/0/0 |
3
|
None |
The Barnett Formula
|
1 |
12
|
5/0/0 |
5
|
3 |
Resource Accounting and Budgeting
|
1 |
11
|
8/1/0 |
4
|
None |
The Pre-Budget Report
|
2 |
3
|
None |
1
|
None |
The 1998 Budget |
4 |
18
|
4/0/0 |
15
|
3 |
The UK and Preparations for Stage Three of Economic and Monetary Union
|
9 |
66
|
4/4/1 |
63
|
2 |
New Fiscal Framework and the Comprehensive Spending Review
|
3 |
10
|
3/0/0 |
10
|
None |
Financial Services Regulation/Mis-Selling of Personal Pensions
|
4 |
98
|
9/5/0 |
15
|
None |
The World Economy
|
6 |
6
|
2/1/0 |
None
|
None |
Other |
None
|
13 |
3/0/0
|
None |
None
|
Total |
43
|
325 |
50/15/1
|
173 |
8
|
* Second oral evidence session held in 1998-99 Session.
|
