10. SELECT COMMITTEES
38. Treasury
The Committee was nominated on 16 July 1997.
It had 12 Members and held 35 meetings.
|
Members | Meetings
|
| attended
|
|
Radice, Mr Giles (Chairman) | 35
|
Blackman, Mrs Liz | 29
|
Cable, Dr Vincent | 29
|
Cousins, Mr Jim | 27
|
Fallon, Mr Michael (added, 5.7.99) | 7
|
Gibb, Mr Nick (discharged, 30.11.98) | 0
|
Kidney, Mr David | 28
|
Lloyd, Sir Peter (discharged, 5.7.99) | 24
|
Moonie, Dr Lewis | 22
|
Ruffley, Mr David (added, 30.11.98) | 21
|
Sedgemore, Mr Brian | 13
|
Smith, Jacqui | 27
|
Spicer, Sir Michael | 21
|
Taylor, Sir Teddy | 26
|
|
Overall attendance: | 73.6 %
|
Number of Members added: | 2
|
Number of Members discharged: | 2
|
Turnover of membership during the Session: |
17 % |
|
Staff
Committee Clerk: Mr Simon Patrick, Deputy Principal Clerk
(Senior Structure Band 2)
Second Clerk: Ms Jennifer Long, Senior Clerk (Band A2)
Committee Assistant: Ms Jane Fox, Senior Executive Officer (Band
B1)
Committee Specialists: Mr Jonathan Lepper (Band B1)and (from 22.3.99)
Mr Timothy Jarrett(Band B1)
Secretary: Miss Michelle Owens, Secretary (Band C) (until 1.3.99);
Miss Susan Wakeling, Secretary (Band C) (1.3.99 until 30.9.99);
Miss Carolyn Wilson, Secretary (Band C) (from 1.10.99)
Senior Office Clerk: Mr Michael Cruickshank, Senior Office Clerk
(Band D1)
Specialist Advisers during the Session
Professor Charles Bean, Mr Roger Bootle, Professor David Heald,
Professor David Miles, 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
| 3 |
Other Ministers (of which one was by a member of the House of Lords)
| 6 |
Number of appearances by officials from, or representatives of:
| |
HM Treasury
| 18 |
public bodies and non-Ministerial departments:
| 31 |
comprising: Bank of England
| 25 |
Financial Services Authority
| 6 |
Appearances by other witnesses (including one by a member of the House of Lords)
| 61 |
Overseas Visits
Date | Destination
| Members | Staff
| Purpose | Cost
|
25-26.5.99
| Frankfurt | 9
| 2 |
To visit European Central Bank
| £8,000.00(estimated outturn)
|
11-13.10.99 | Washington
| 9 |
2 | Discussions with International Monetary Fund and World Bank, the US Government and the Federal Reserve Bank
| £47,133.00(estimated outturn)*
|
14-15.10.99 | Ottawa and Toronto
|
|
| For Sub-committee to investigate merger of Canadian taxation departments for Inland Revenue and Customs & Excise inquiries
|
|
*Includes Sub-committee
visit to Ottawa and Toronto
Visits to European Institutions
Date | Destination
| Members
| Staff |
Purpose | Cost
|
23.11.98 | Brussels
| 1* |
1 | To attend meeting of European Parliament Budgets Committee
| £752.05
|
13.10.99 | Brussels
| 1* |
1 | To attend meeting of European Parliament Committee on Economic and Monetary Affairs
| £766.00(estimated outturn)
|
* Travel in a representative capacity
UK Visits
Date |
Destination
| Members
| Staff |
Purpose |
Cost |
9.2.99 |
Bank of England and Stock Exchange
| 9 |
3 | Briefing on the establishment of the euro
| £140.00
|
21.7.99
| International Primary Market Association (LIPMA) and London International Financial Futures and Options Exchange (LIFFE)
| 4 |
2 | Briefing on the work of the organisations
| £71.46
|
Reports and Minutes of Evidence
Title |
HC No
(1998-99)
| Date of
publication
| No. of
pages
| Sale price
| Government
reply
|
First Report: Office for National Statistics
| 43-I |
17.12.98 |
22 | £5.80
| Received 17.12.98: published as Second Special Report, Session 1998-99
|
Evidence and Appendices: Office for National Statistics
| 43-II |
22.12.98 |
124 | £15.90
| Not applicable
|
Second Report: The World Economy and the Pre-Budget Report
| 91-I |
14.1.99 |
23 | £15.90
| Received 15.3.99: published as Third Special Report, Session 1998-99
|
Evidence and Appendices: The World Economy and the Pre-Budget Report
| 91-II |
18.1.99 |
121 | £17.00
| Not applicable
|
Third Report: Financial Services Regulation
| 73-I |
4.2.99 |
31 | £7.00
| Received 19.3.99: published as Fourth Special Report, Session 1998-99
|
Evidence and Appendices: Financial Services Regulation
| 73-II |
10.2.99 |
114 | £15.90
| Not applicable
|
Fourth Report: The 1999 Budget
| 325 |
1.4.99 |
101 | £13.60
| Received 9.6.99: published as Fifth Special Report, Session 1998-99
|
Fifth Report: The Monetary Policy Committee of the Bank of England: Confirmation Hearings
| 476-I |
25.5.99 |
7 | £2.55
| Not applicable
|
Minutes of Evidence |
476-II |
25.6.99 |
25 | £7.00
| Not applicable
|
Sixth Report: Inland Revenue
| 199 |
27.5.99 |
151 | £19.50
| Received 13.7.99: published as Sixth Special Report, Session 1998-99
|
Seventh Report: Public Service Agreements
| 378 |
1.7.99 |
99 | £13.60
| Received 21.10.99:published as Seventh Special Report, Session 1998-99
|
Eighth Report: The Monetary Policy CommitteeTwo Years On
| 505 |
26.7.99 |
99 | £12.40
| Received (HM Treasury 19.10.99 and Bank of England 22.10.99):published as Eighth Special Report, Session 1998-99
|
Ninth Report: Demutualisation
| 605-I |
27.7.99 |
24 | £5.50
| Received 22.10.99: published as Ninth Special Report, Session 1998-99
|
Evidence and Appendices: Demutualisation
| 605-II
| 6.8.99
| 145 |
£17.00
| Not applicable
|
Tenth Report: Valuation Office Agency
| 420 |
28.10.99 |
126 | £15.90
| Awaited
|
First Special Report: Government Response to the Ninth Report of 1997-98
| 140 |
18.1.99 |
14 | £4.00
| Not applicable
|
Second Special Report: Government Response to the First Report of 1998-99
| 267 |
25.2.99 |
7 | £2.25
| Not applicable
|
Third Special Report: Government Response to the Second Report of 1998-99
| 339 |
23.3.99 |
6 | £2.25
| Not applicable
|
Fourth Special Report: Government Response to the Third Report of 1998-99
| 347 |
25.3.99 |
9 | £3.40
| Not applicable
|
Fifth Special Report: Government Response to the Fourth Report of 1998-99
| 536 |
17.6.99 |
7 | £2.25
| Not applicable
|
Sixth Special Report: Government Response to the Sixth Report of 1998-99
| 746 |
22.7.99 |
12 | £3.40
| Not applicable
|
Seventh Special Report: Government Response to the Seventh Report of 1998-99
| 849 |
1.11.99 |
9 | £3.40
| Not applicable
|
Eighth Special Report: Government and Bank of England Response to the Eighth Report of 1998-99
| 850 |
1.11.99 |
10 | £3.40
| Not applicable
|
Ninth Special Report: Government Response to the Ninth Report of 1998-99
| 880 |
4.11.99 |
6 | £2.25
| Not applicable
|
Minutes of Evidence: Bank of England November Inflation Report
| 37- i &-ii
| 30.12.98
| 43 |
£8.80 |
Not applicable
|
Minutes of Evidence: The Council of Economic and Finance Ministers (ECOFIN)
| 186-i |
5.3.99 |
20 | £5.50
| Not applicable
|
Minutes of Evidence: Bank of England February Inflation Report
| 268-i & -ii
| 24.3.99
| 38 |
£8.00 |
Not applicable
|
Minutes of Evidence: Outline National Changeover Plan
| 290-i |
29.3.99 |
17 | £4.75
| Not applicable
|
Minutes of Evidence: Tax Competition and Co-ordination
| 425-i |
2.6.99 |
19 | £5.50
| Not applicable
|
Minutes of Evidence: The Council of Economic and Finance Ministers (ECOFIN); Tax Competition and Co-ordination
| 425-ii
| 12.8.99
| 39 |
£5.50 |
Not applicable
|
Minutes of Evidence: Bank of England May Inflation Report
| 480-i & ii
| 8.7.99
| 39 |
£8.80 |
Not applicable
|
Minutes of Proceedings
The Minutes of Proceedings of the Committee for Session 1997-98
were published on 15.4.99 as HC 1182, Session 1997-98. The Minutes
of Proceedings of the Committee for Session 1998-99 will be published
as
HC 921, Session 1998-99.
Divisions
Date | Subject
|
2.2.99 | Four, on amendments proposed to Chairman's draft Report on Financial Services Regulation.
|
30.3.99 | Five, on amendments proposed to Chairman' s draft Report on The 1999 Budget
|
24.5.99 | One, on an amendment proposed to Chairman's draft Report on The Monetary Policy Committee of the Bank of England: Confirmation Hearings
|
20.7.99 | Thirteen, on amendments proposed to Chairman's draft Report on The Monetary Policy CommitteeTwo Years On
|
Debates
The following Reports were referred to on the Order Paper
as being relevant to debates in the House:
Second Report, Session 1998-99, The World Economy and Pre-Budget
Report: debate on Budget Resolutions, 9.3.99;
Fourth Report, Session 1998-99, The 1999 Budget: debate on the
Second Reading of the Finance Bill, 20.4.99;
Third Report (and Fourth Special Report), Session 1998-99, Financial
Services Regulation: debate on Second Reading of Financial Services
and Markets Bill, 28.6.99;
Eighth Report, Session 1998-99, The Monetary Policy CommitteeTwo
Years On: debate on Economic Stability and Public Services, 27.7.99;
First Report (and Second Special Report), Session 1998-99, The
Office for National Statistics: debate on the Adjournment, 19.10.99;
Evidence
Oral evidence was taken at 30 of the Committee's 35 meetings.
On 2 of these occasions evidence was taken wholly in private.
Inquiry
| No. of oral evidence sessions
| No. of memoranda received
| No. of memoranda received from
| No. of memoranda published
| No. of memoranda made available in the Record Office for public use and placed in the Library
|
|
|
| Govt. Departments
| executive agencies
| public bodies
|
|
|
The World Economy and Pre-Budget Report
| 1 |
8 | 1
| 0 |
3 | 13
| 0 |
Financial Services Regulation*
| 4 |
58 | 7
| 0 |
3 | 20
| 47 |
The 1999 Budget | 3
| 17 |
4 | 0
| 0 |
10 | 1
|
The Bank of England: |
|
|
|
|
|
|
|
-November Inflation Report
| 1 |
1 | 0
| 0 |
0 | 6
| 0 |
-February Inflation Report
| 2 |
4 | 0
| 0 |
0 | 4
| 0 |
-May Inflation Report
| 2 |
5 | 0
| 0 |
5 | 5
| 0 |
-Confirmation Hearings
| 2 |
2 | 0
| 0 |
0 | 2
| 0 |
-Monetary Policy CommitteeTwo Years On
| 3 |
19 | 4
| 0 |
2 | 15
| 0 |
Public Service Agreements
| 3 |
18 |
6 | 0
| 0 |
12 | 0
|
Resource Accounting and Budgeting
| 0 |
14 | 8
| 0 |
6 | 0
| 0 |
Tax Competition and Co-Ordination (One evidence session includes a hearing on ECOFIN)
| 2 |
20 | 3
| 0 |
0 | 3
| 0 |
ECOFIN and National Changeover Plan
| 2 |
7 | 7
| 0 |
0 | 4
| 0 |
Demutualisation | 3
| 43 |
2 | 0
| 0 |
26 | 14
|
Financial Services Authority
| 1 |
2 | 0
| 0 |
0 | 2
| 0 |
Private Finance Initiative*
| 1 |
10 | 0
| 0 |
0 | 2
| 0 |
Other | 0
| 11 |
3 | 0
| 0 |
1 | 0
|
Total | 30
| 239 |
45 | 0
| 19 |
125 | 62
|
Includes non-Ministerial Departments
The Committee took
oral evidence and received memoranda for this inquiry in Session
1997-98; these figures are therefore incomplete
|