House, Committees of the Whole House, General Committees and Select Committees - Sessional Returns Contents



43  TREASURY

For website access click on www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/.

The Committee was nominated by the House of Commons on 12 July 2010.
Members

Tyrie, Andrew (Chair)

Blenkinsop, Tom (added 4.7.11; discharged 14.11.11)

Cryer, John (discharged 14.11.11)

Fallon, Mr Michael

Garnier, Mark

Hosie, Stewart

Leadsom, Andrea

Love, Mr Andrew

McFadden, Pat (added 14.11.11)

Mann, John

Mudie, Mr George

Norman, Jesse

Pearce, Teresa (added 14.11.11)

Ruffley, David (added 29.11.10)

Rutley, David (discharged 29.11.10)

Thurso, John

Umunna, Mr Chuka (discharged 4.7.11)

Overall Attendance:

Meetings attended

102 out of 102

5 out of 16

17 out of 75

97 out of 102

87 out of 102

65 out of 102

83 out of 102

84 out of 102

26 out of 27

59 out of 102

74 out of 102

80 out of 102

16 out of 27

59 out of 76

25 out of 26

81 out of 102

38 out of 59

75.3 %

Total number of meetings: 102

Of which:
Number of meetings at which oral evidence was taken 86
Number of times oral evidence was taken partly or wholly in private 0
Number of wholly private meetings 16
Other activities
Informal meetings9

Staff

Details of the permanent staff of the Committee during the Session can be found in the Committee's publications.

Specialist Advisers during the Session

Mr William Allen, Mr Richard Andrews, Dr Pinar Bagci, Mr Roger Bootle, Dr Alex Bowen,

Mr Mark Falcon, Mr Mark Hellowell, Mr William Knight, Stephen McGairl, Sir Nicholas Monck,

Anita Monteith, Mr Jonathan Pears, Lionel Price, John Tattersall, John Tiner, Mr David Walker,

Mr John Willman, and Professor Geoffrey Wood

Witnesses
Oral evidence was given during the Session by the following categories of witnesses:
Number of appearances by:
Cabinet Ministers9
Ministers (other than Cabinet Ministers) 3
Number of appearances by officials from, or representatives of:
HM Treasury14
Number of appearances from or representatives of public bodies and non-Ministerial departments comprising:
Bank of England (including Monetary Policy Committee and interim Financial Policy Committee) 19
Financial Services Authority 7
Financial Services Compensation Scheme 1
Financial Ombudsman Service 1
HM Revenue and Customs 1
Independent Commission on Banking 2
Office for Budget Responsibility 8
Office of Fair Trading 1
Office of Tax Simplification 1
UK Financial Investments Ltd (UKFI) 2
Appearances by other witnesses: 169

Overseas Visits
DateDestination MembersStaff PurposeCost
14-18.2.11New York and Washington DC Fallon, Garnier, Love, Mudie, Ruffley, Tyrie, Umunna 1Inquiry into Financial regulation £32,015
23.6.11GenevaA Tyrie Conference on 'After the Crisis: where do we stand?' £535
11.12.11Singapore and China Fallon, Hosie, Leadsom, Love, McFadden, Mann, Norman, Thurso, Tyrie 2Inquiry into Global imbalances £72,132
29-30.4.12Santiago de Compestela, SpainA Tyrie Conference on "Re-Adjusting the Relation between Europe and the Nation States, Lessons from the Crisis" £500

A Travel in a representative capacity

Visits to European Institutions

None

UK Visits

None

Reports and Oral and Written Evidence
TitleHC No. (2010-12) Date of publication Government reply
First Report: June 2010 Budget 35020.7.10 Received 3.11.10: published as First Special Report, Session 2010-12
Second Report: Appointment of Dr Martin Weale to the Monetary Policy Committee of the Bank of England 475-I17.9.10 Not required
Oral and Written Evidence: Appointment of Dr Martin Weale to the Monetary Policy Committee of the Bank of England 475-II3.11.10 Not applicable
Third Report: Appointment of Robert Chote as Chair of the Office for Budget Responsibility 476-I21.9.10 Not required
Oral and Written Evidence: Appointment of Robert Chote as Chair of the Office for Budget Responsibility 476-II18.10.10 Not applicable
Fourth Report: Office for Budget Responsibility 38521.9.10 Cm 7962, published 1.11.10
Written Evidence published on the Internet: Office for Budget Responsibility 21.9.10 Not applicable
Fifth Report: Appointments to the Budget Responsibility Committee 545-I1.11.10 Not required
Oral and Written Evidence: Appointments to the Budget Responsibility Committee 545-II12.11.10 Not applicable
Sixth Report: Spending Review 2010 544-I26.11.10 Received 21.1.11: published as Third Special Report, Session 2010-12
Oral and Written Evidence: Spending Review 2010 544-II26.11.10 Not applicable
Written Evidence published on the Internet: Spending Review 2010 26.11.10 Not applicable
Seventh Report: Financial Regulation: a preliminary consideration of the Government's proposals 430-I3.2.11 Received 5.4.11: published as Fifth Special Report, Session 2010-12
Oral and Written Evidence: Financial Regulation: a preliminary consideration of the Government's proposals 430-II3.2.11 Not applicable
Written Evidence published on the Internet: Financial Regulation: a preliminary consideration of the Government's proposals 430-III3.2.11 Not applicable
Eighth Report: Principles of Tax Policy 75315.3.11 Awaited
Written Evidence published on the Internet: Principles of Tax Policy 15.3.11 Not applicable
Ninth Report: Competition and choice in retail banking 612-I2.4.11 Received 9.6.11: published as Seventh Special Report, Session 2010-12
Oral and Written Evidence: Competition and choice in retail banking 612-II2.4.11 Not applicable
Written Evidence published on the Internet: Competition and choice in retail banking 2.4.11 Not applicable
Tenth Report: Budget 2011 8979.4.11 Received 27.5.11: published as Sixth Special Report, Session 2010-12
Eleventh Report: Finance (No.3) Bill 2010-11 49728.4.11 Not required
Twelfth Report: Appointment of Dr Ben Broadbent to the Monetary Policy Committee 1051-I23.5.11 Not required
Oral and Written Evidence: Appointment of Dr Ben Broadbent to the Monetary Policy Committee 1051-II27.6.11 Not applicable
Thirteenth Report: Appointment of Dr Donald Kohn to the interim Financial Policy Committee 1052-I23.5.11 Not required
Oral and Written Evidence: Appointment of Dr Donald Kohn to the interim Financial Policy Committee 1052-II20.6.11 Not applicable
Fourteenth Report: Appointments of Michael Cohrs and Alastair Clark to the interim Financial Policy Committee 1125-I7.6.11 Not required
Oral and Written Evidence: Appointments of Michael Cohrs and Alastair Clark to the interim Financial Policy Committee 1125-II12.9.11 Not applicable
Fifteenth Report: Retail Distribution Review 85716.7.11 Received 30.9.11: published as Twentieth Report, Session 2010-12
Written Evidence published on the Internet: Retail Distribution Review 16.7.11 Not applicable
Sixteenth Report: Administration and effectiveness of HM Revenue and Customs 73130.7.11 Received 30.9.11: published as Eighth Special Report, Session 2010-12
Written Evidence published on the Internet: Administration and effectiveness of HM Revenue and Customs 30.7.11 Not applicable
Seventeenth Report: Private Finance Initiative 114619.8.11 Received 19.10.11: published as Twenty-Fifth Report, Session 2010-12
Written Evidence published on the Internet: Private Finance Initiative 19.8.11 Not applicable
Eighteenth Report: The future of cheques 114724.8.11 Received 25.10.11: published as Twenty-Third Report, Session 2010-12
Written Evidence published on the Internet: The future of cheques 24.8.11 Not applicable
Nineteenth Report: Independent Commission on Banking 106920.7.11 Not required
Twentieth Report: Retail Distribution Review: Government and Financial Services Authority Responses to the Fifteenth Report from the Committee 15325.11.11 Not required
Twenty-First Report: Accountability of the Bank of England 8748.11.11 Received 12.1.12: published as Twenty-Seventh Report, Session 2010-12
Written Evidence published on the Internet: Accountability of the Bank of England 8.11.11 Not applicable
Twenty-Second Report: Appointment of Robert Jenkins to the interim Financial Policy Committee 1575-I1.11.11 Not required
Twenty-Third Report: The Future of Cheques: Government and Payments Council Responses to the Eighteenth Report from the Committee 164516.11.11 Not required
Twenty-Fourth Report: Appointments to the Office of Tax Simplification 1637-I14.11.11 Not required
Oral and Written Evidence: Appointments to the Office of Tax Simplification 1637-II15.12.11 Not applicable
Twenty-Fifth Report: Private Finance Initiative: Government, OBR and NAO Responses to the Seventeenth Report from the Committee 172511.1.12 Not required
Twenty-Sixth Report: Financial Conduct Authority 157413.1.12 Received 20.2.12: published as Twenty-Eighth Report, Session 2010-12
Written Evidence published on the Internet: Financial Conduct Authority 13.1.12 Not applicable
Twenty-Seventh Report: Accountability of the Bank of England: Response from the Court of the Bank to the Twenty-first Report from the Committee 176923.1.12 Not required
Twenty-Eighth Report: Financial Conduct Authority: Report on the Government Response 185727.2.12 Not required
Twenty-Ninth Report: Closing the Tax Gap: HMRC's record at ensuring tax compliance 13719.3.12 Awaited
Thirtieth Report: Budget 2012 1910-I18.4.12 Not applicable
Oral and Written Evidence: Budget 2012 1910-II18.4.12 Not applicable
First Special Report: June 2010 Budget: Government Response to the First Report from the Committee 58617.11.10 Not applicable
Second Special Report: Credit Searches: Government and Office of Fair Trading Responses to the Committee's Third Report of Session 2009-10 73019.1.11 Not applicable
Third Special Report: Spending Review 2010: Government Response to the Sixth Report from the Committee 7542.2.11 Not applicable
Fourth Special Report: Credit Searches: Information Commissioner's Office Response to the Committee's Third Report of Session 2009-10 86516.3.11 Not applicable
Fifth Special Report: Financial Regulation: a preliminary consideration of the Government's proposals: Government Response to the Seventh Report from the Committee 9584.5.11 Not applicable
Sixth Special Report: Budget 2011: Government and Office for Budget Responsibility Responses to the Tenth Report from the Committee 118122.6.11 Not applicable
Seventh Special Report: Competition and choice in retail banking: Government Response to the Ninth Report from the Committee 140812.7.11 Not applicable
Eighth Special Report: Administration and effectiveness of HMRC: Government Response to the Sixteenth Report from the Committee 153326.10.11 Not applicable
Oral and Written Evidence: Bank of England May 2010 Inflation Report 4298.9.10 Not applicable
Oral and Written Evidence: HMRC's operation of the PAYE system 479-i18.10.10 Not applicable
Oral and Written Evidence: Bank of England November 2010 Inflation Report 63417.1.11 Not applicable
Oral and Written Evidence: European financial regulation 6582.2.11 Not applicable
Oral and Written Evidence: Autumn forecast 2010 66428.1.12 Not applicable
Oral and Written Evidence: UK Financial Investments 76617.3.12 Not applicable
Oral and Written Evidence: Bank of England February 2011 Inflation Report 7986.4.11 Not applicable
Oral Evidence: Financial regulation 831-i6.4.11 Not applicable
Oral and Written Evidence: Bank of England May 2011 Inflation Report 132621.9.11 Not applicable
Oral and Written Evidence: Global Imbalances 147430.4.12 Not applicable
Oral Evidence: Eurozone crisis: Impact on the UK 1505-i2.11.11 Not applicable
Oral Evidence: Quantitative Easing 157621.11.11 Not applicable
Oral and Written Evidence: Bank of England November 2011 Inflation Report 167513.1.12 Not applicable
Oral and Written Evidence: Autumn Statement 2011 16915.3.12 Not applicable
Oral Evidence: Bank of England December 2011 Financial Stability Report 175327.2.12 Not applicable
Oral and Written Evidence: Bank of England February 2012 Inflation Report 186729.2.12 Not applicable
Oral and Written Evidence: National Savings and Investments 189427.4.12 Not applicable
Oral and Written Evidence: UK Financial Investments Ltd 2012 189627.4.12 Not applicable
Oral Evidence published on the Internet: Global Imbalances 1471-i26.9.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission on Banking 1534-i17.10.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission Banking 1534-ii&iii21.10.11 Not applicable
Uncorrected Evidence published on the Internet: Quantitative Easing 1576-i1.11.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission on Banking 1534-iv9.11.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission on Banking 1534-v30.11.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission on Banking 1534-vi22.12.11 Not applicable
Uncorrected Evidence published on the Internet: Independent Commission on Banking 1534-vii23.1.12 Not applicable
Uncorrected Evidence published on the Internet: Independent Review of FSA's Report into the failure of RBS 1780-i30.1.12 Not applicable
Uncorrected Evidence published on the Internet: Independent Review of FSA's Report into the failure of RBS 1780-ii3.2.12 Not applicable
Uncorrected Evidence published on the Internet: HM Treasury's Annual Report and Accounts 2010-11 1854-i29.3.12 Not applicable
Uncorrected Evidence published on the Internet: Credit Rating Agencies 1866-i6.3.12 Not applicable
Uncorrected Evidence published on the Internet: Credit Rating Agencies 1866-ii15.3.12 Not applicable
Uncorrected Evidence published on the Internet: Mortgage Market Review 1895-i22.3.12 Not applicable
Uncorrected Evidence published on the Internet: Credit Rating Agencies 1866-iii30.4.12 Not applicable
Uncorrected Evidence published on the Internet: Debt Management Office 1830-i1.5.12 Not applicable
Written Evidence published on the Internet: Credit Rating Agencies 1.3.12 Not applicable

Government replies to Reports for Session 2009-10

Reply to the Committee's Third Report: Credit Searches, received 16.12.10 and 28.2.11 and published as the Committee's Second and Fourth Special Reports, Session 2010-12.

Reply to the Committee's Sixth Report: The failure of the Presbyterian Mutual Society, published as Cm 7959 (21.10.10).

Reply to the Committee's Seventh Report: Administration and expenditure of the Chancellor's departments 2008-09, published as Cm 7917 (26.7.10).

Reply to the Committee's Eighth Report: The management of the Crown Estate, published as Cm 7875 (9.6.10).

Reply to the Committee's Tenth Report: Women in the City, published as Cm 7900 (12.7.10).

Formal Minutes

The Formal Minutes of the Committee were published electronically after each meeting of the Committee. They are available on the Committee's website at http://www.parliament.uk/business/committees/committees-a-z/commons-select/treasury-committee/formal-minutes/.

Divisions

None

Debates

The following Reports and Oral Evidence were debated in the House:

Oral Evidence, HMRC's operation of the PAYE system, taken on 15 September 2010, HC 479;

Oral Evidence taken by the Sub-Committee, Administration and effectiveness of HM Revenue and Customs, on 19 January 2011, HC 731-i, and on 8 February, HC 731-ii; Eighth Report, Session 2006-07, Efficiency Programme in the Chancellor's Departments, HC 483; Seventh Report, Session 2009-10, Administration and Expenditure of the Chancellor's Departments, 2008-09, HC 156; 2.3.11

The following Reports and Oral Evidence were tagged on the Order Paper as being relevant a debate in the House:

First Report, Session 2010-12, June 2010 Budget, HC 350, 20.7.10.

Oral Evidence taken 8 December 2010, Autumn forecast 2010, HC 664-ii, 15.12.10.

Fourth Report, Session 2010-12, Office for Budget Responsibility, 22.3.1.11 and 11.5.11.

Tenth Report, Session 2010-12, Budget 2011, HC 987, 26.4.11.

Eleventh Report, Session 2010-12, Finance (No 3) Bill, HC 497, 3.5.11.

Oral Evidence taken on 26 & 27 March 2012, Budget 2012, HC 1910-i-ii, 16.04.12.

Thirtieth Report, Session2010-12, Budget 2012, HC 1910, 18.4.12.

Twenty-First Report, Session 2010-12, Accountability of the Bank of England, HC 874; Twenty-Sixth Report, Session 2010-12, Financial Conduct Authority, HC 1574; Twenty-Seventh Report, Session 2010-12, Accountability of the Bank of England: Response from the Court of the Bank to the Twenty-first Report from the Committee, HC 1769; and Twenty-Eighth Report, Session 2010-12, Financial Conduct Authority: Report on the Government Response, HC 1857, 23.4.12.

Number of oral evidence sessions for each inquiry during the Session
InquiryNumber of oral evidence sessions
Accountability of the Bank of England 6
Appointment of Dr Ben Broadbent to the Monetary Policy Committee of the Bank of England 1
Appointment of Dr Donald Kohn to the interim Financial Policy Committee 1
Appointment of Dr Martin Weale to the Monetary Policy Committee of the Bank of England 1
Appointment of Robert Chote as Chair of the Office for Budget Responsibility 1
Appointment of Robert Jenkins to the interim Financial Policy Committee 1
Appointments of Michael Cohrs and Alastair Clark to the interim Financial Policy Committee 1
Appointments to the Budgetary Responsibility Committee 1
Appointments to the Office of Tax Simplification 1
Autumn Forecast 2010 2
Autumn Statement 2011 3
Bank of England December 2011 Financial Stability Report 1
Bank of England February 2011 Inflation Report 1
Bank of England February 2012 Inflation Report 1
Bank of England May 2010 Inflation Report 1
Bank of England May 2011 Inflation Report 1
Bank of England November 2010 Inflation Report 1
Bank of England November 2011 Inflation Report 1
Budget 20114
Budget 20123
Competition and Choice in the Banking Sector 10
Credit Ratings Agencies 3
European Financial Regulation 2
Eurozone crisis—impact on the UK 1
Financial Conduct Authority 4
Financial Regulation 1
Financial Regulation: a preliminary consideration of the Government's proposals 12
Global Imbalances2
HMRC's operation of the PAYE system 1
Independent Commission on Banking: Final Report 7
Independent Commission on Banking: Interim Report 2
Independent Review of the Financial Services Authority's Report into the failure of RBS 2
June 2010 Budget2
Mortgage Market Review 1
Office for Budget Responsibility 2
Principles of Tax Policy 1
Private Finance Initiative 1
Quantitative Easing 1
Retail Distribution Review 1
Spending Review 2010 6
The future of cheques 1
UK Financial Investments 2011 1
UK Financial Investments 2012 1
Total98A

A At several meetings the Committee took evidence in more than one inquiry


 
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Prepared 14 September 2012