The Treasury Committee is appointed by the House
of Commons to examine the expenditure, administration and policy
of the HM Treasury and its associated public bodies.
Mr John McFall (Labour, Dumbarton) (Chairman)
Mr Nigel Beard MP (Labour, Bexleyheath and Crayford)
Mr Jim Cousins MP (Labour, Newcastle upon Tyne
Mr Michael Fallon MP (Conservative, Sevenoaks)
Mr David Laws MP (Liberal Democrat, Yeovil)
Kali Mountford MP (Labour, Colne Valley)
Mr George Mudie MP (Labour, Leeds East)
Dr Nick Palmer MP (Labour, Broxtowe)
Mr James Plaskitt MP (Labour, Warwick and Leamington)
Mr David Ruffley MP (Conservative, Bury St Edmunds)
Mr Andrew Tyrie MP (Conservative, Chichester)
The Committee is one of the departmental select committees,
the powers of which are set out in the House of Commons Standing
Orders, principally in SO No. 152. These are available on the
Internet via www.parliament.uk
The Committee has power to appoint a Sub-Committee, which has
similar powers to the main Committee, except that it reports to
the main Committee, which then reports to the House. All members
of the Committee are members of the Sub-Committee, and its Chairman
is Mr Michael Fallon.
The Reports and evidence of the Committee are published
by The Stationery Office by Order of the House. All publications
of the Committee (including press notices) from Session 1997-98
onwards are available on the Internet at www.parliament.uk/commons/selcom/treashome.htm.
A list of Reports of the Committee published in the present parliament
is at the back of this volume.
All correspondence for the Treasury Committee should
be addressed to the Clerk of the Treasury Committee, 7 Millbank,
House of Commons, London SW1P 3JA. The telephone number for general
enquiries is 020 7219 5769. The Committee's email address is:
In the footnotes of this Report, references to oral
evidence are indicated by 'Q' followed by the question number.
References to written evidence are indicated by the page number
as in 'Ev 12'.