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 meetings | 9
|
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 Ministers | 9
|
Ministers (other than Cabinet Ministers)
| 3 |
Number of appearances by officials from, or representatives of:
| |
HM Treasury | 14
|
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
Date | Destination
| Members | Staff
| Purpose | Cost
|
14-18.2.11 | New York and Washington DC
| Fallon, Garnier, Love, Mudie, Ruffley, Tyrie, Umunna
| 1 | Inquiry into Financial regulation
| £32,015 |
23.6.11 | GenevaA
| Tyrie |
| Conference on 'After the Crisis: where do we stand?'
| £535 |
11.12.11 | Singapore and China
| Fallon, Hosie, Leadsom, Love, McFadden, Mann, Norman, Thurso, Tyrie
| 2 | Inquiry into Global imbalances
| £72,132 |
29-30.4.12 | Santiago 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
Title | HC No. (2010-12)
| Date of publication
| Government reply
|
First Report: June 2010 Budget
| 350 | 20.7.10
| 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-I | 17.9.10
| Not required |
Oral and Written Evidence: Appointment of Dr Martin Weale to the Monetary Policy Committee of the Bank of England
| 475-II | 3.11.10
| Not applicable |
Third Report: Appointment of Robert Chote as Chair of the Office for Budget Responsibility
| 476-I | 21.9.10
| Not required |
Oral and Written Evidence: Appointment of Robert Chote as Chair of the Office for Budget Responsibility
| 476-II | 18.10.10
| Not applicable |
Fourth Report: Office for Budget Responsibility
| 385 | 21.9.10
| 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-I | 1.11.10
| Not required |
Oral and Written Evidence: Appointments to the Budget Responsibility Committee
| 545-II | 12.11.10
| Not applicable |
Sixth Report: Spending Review 2010
| 544-I | 26.11.10
| Received 21.1.11: published as Third Special Report, Session 2010-12
|
Oral and Written Evidence: Spending Review 2010
| 544-II | 26.11.10
| 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-I | 3.2.11
| 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-II | 3.2.11
| Not applicable |
Written Evidence published on the Internet: Financial Regulation: a preliminary consideration of the Government's proposals
| 430-III | 3.2.11
| Not applicable |
Eighth Report: Principles of Tax Policy
| 753 | 15.3.11
| 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-I | 2.4.11
| Received 9.6.11: published as Seventh Special Report, Session 2010-12
|
Oral and Written Evidence: Competition and choice in retail banking
| 612-II | 2.4.11
| Not applicable |
Written Evidence published on the Internet: Competition and choice in retail banking
| | 2.4.11
| Not applicable |
Tenth Report: Budget 2011
| 897 | 9.4.11
| Received 27.5.11: published as Sixth Special Report, Session 2010-12
|
Eleventh Report: Finance (No.3) Bill 2010-11
| 497 | 28.4.11
| Not required |
Twelfth Report: Appointment of Dr Ben Broadbent to the Monetary Policy Committee
| 1051-I | 23.5.11
| Not required |
Oral and Written Evidence: Appointment of Dr Ben Broadbent to the Monetary Policy Committee
| 1051-II | 27.6.11
| Not applicable |
Thirteenth Report: Appointment of Dr Donald Kohn to the interim Financial Policy Committee
| 1052-I | 23.5.11
| Not required |
Oral and Written Evidence: Appointment of Dr Donald Kohn to the interim Financial Policy Committee
| 1052-II | 20.6.11
| Not applicable |
Fourteenth Report: Appointments of Michael Cohrs and Alastair Clark to the interim Financial Policy Committee
| 1125-I | 7.6.11
| Not required |
Oral and Written Evidence: Appointments of Michael Cohrs and Alastair Clark to the interim Financial Policy Committee
| 1125-II | 12.9.11
| Not applicable |
Fifteenth Report: Retail Distribution Review
| 857 | 16.7.11
| 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
| 731 | 30.7.11
| 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
| 1146 | 19.8.11
| 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
| 1147 | 24.8.11
| 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
| 1069 | 20.7.11
| Not required |
Twentieth Report: Retail Distribution Review: Government and Financial Services Authority Responses to the Fifteenth Report from the Committee
| 1532 | 5.11.11
| Not required |
Twenty-First Report: Accountability of the Bank of England
| 874 | 8.11.11
| 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-I | 1.11.11
| Not required |
Twenty-Third Report: The Future of Cheques: Government and Payments Council Responses to the Eighteenth Report from the Committee
| 1645 | 16.11.11
| Not required |
Twenty-Fourth Report: Appointments to the Office of Tax Simplification
| 1637-I | 14.11.11
| Not required |
Oral and Written Evidence: Appointments to the Office of Tax Simplification
| 1637-II | 15.12.11
| Not applicable |
Twenty-Fifth Report: Private Finance Initiative: Government, OBR and NAO Responses to the Seventeenth Report from the Committee
| 1725 | 11.1.12
| Not required |
Twenty-Sixth Report: Financial Conduct Authority
| 1574 | 13.1.12
| 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
| 1769 | 23.1.12
| Not required |
Twenty-Eighth Report: Financial Conduct Authority: Report on the Government Response
| 1857 | 27.2.12
| Not required |
Twenty-Ninth Report: Closing the Tax Gap: HMRC's record at ensuring tax compliance
| 1371 | 9.3.12
| Awaited |
Thirtieth Report: Budget 2012
| 1910-I | 18.4.12
| Not applicable |
Oral and Written Evidence: Budget 2012
| 1910-II | 18.4.12
| Not applicable |
First Special Report: June 2010 Budget: Government Response to the First Report from the Committee
| 586 | 17.11.10
| Not applicable |
Second Special Report: Credit Searches: Government and Office of Fair Trading Responses to the Committee's Third Report of Session 2009-10
| 730 | 19.1.11
| Not applicable |
Third Special Report: Spending Review 2010: Government Response to the Sixth Report from the Committee
| 754 | 2.2.11
| Not applicable |
Fourth Special Report: Credit Searches: Information Commissioner's Office Response to the Committee's Third Report of Session 2009-10
| 865 | 16.3.11
| Not applicable |
Fifth Special Report: Financial Regulation: a preliminary consideration of the Government's proposals: Government Response to the Seventh Report from the Committee
| 958 | 4.5.11
| Not applicable |
Sixth Special Report: Budget 2011: Government and Office for Budget Responsibility Responses to the Tenth Report from the Committee
| 1181 | 22.6.11
| Not applicable |
Seventh Special Report: Competition and choice in retail banking: Government Response to the Ninth Report from the Committee
| 1408 | 12.7.11
| Not applicable |
Eighth Special Report: Administration and effectiveness of HMRC: Government Response to the Sixteenth Report from the Committee
| 1533 | 26.10.11
| Not applicable |
Oral and Written Evidence: Bank of England May 2010 Inflation Report
| 429 | 8.9.10
| Not applicable |
Oral and Written Evidence: HMRC's operation of the PAYE system
| 479-i | 18.10.10
| Not applicable |
Oral and Written Evidence: Bank of England November 2010 Inflation Report
| 634 | 17.1.11
| Not applicable |
Oral and Written Evidence: European financial regulation
| 658 | 2.2.11
| Not applicable |
Oral and Written Evidence: Autumn forecast 2010
| 664 | 28.1.12
| Not applicable |
Oral and Written Evidence: UK Financial Investments
| 766 | 17.3.12
| Not applicable |
Oral and Written Evidence: Bank of England February 2011 Inflation Report
| 798 | 6.4.11
| Not applicable |
Oral Evidence: Financial regulation
| 831-i | 6.4.11
| Not applicable |
Oral and Written Evidence: Bank of England May 2011 Inflation Report
| 1326 | 21.9.11
| Not applicable |
Oral and Written Evidence: Global Imbalances
| 1474 | 30.4.12
| Not applicable |
Oral Evidence: Eurozone crisis: Impact on the UK
| 1505-i | 2.11.11
| Not applicable |
Oral Evidence: Quantitative Easing
| 1576 | 21.11.11
| Not applicable |
Oral and Written Evidence: Bank of England November 2011 Inflation Report
| 1675 | 13.1.12
| Not applicable |
Oral and Written Evidence: Autumn Statement 2011
| 1691 | 5.3.12
| Not applicable |
Oral Evidence: Bank of England December 2011 Financial Stability Report
| 1753 | 27.2.12
| Not applicable |
Oral and Written Evidence: Bank of England February 2012 Inflation Report
| 1867 | 29.2.12
| Not applicable |
Oral and Written Evidence: National Savings and Investments
| 1894 | 27.4.12
| Not applicable |
Oral and Written Evidence: UK Financial Investments Ltd 2012
| 1896 | 27.4.12
| Not applicable |
Oral Evidence published on the Internet: Global Imbalances
| 1471-i | 26.9.11
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Commission on Banking
| 1534-i | 17.10.11
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Commission Banking
| 1534-ii&iii | 21.10.11
| Not applicable |
Uncorrected Evidence published on the Internet: Quantitative Easing
| 1576-i | 1.11.11
| Not applicable
|
Uncorrected Evidence published on the Internet: Independent Commission on Banking
| 1534-iv | 9.11.11
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Commission on Banking
| 1534-v | 30.11.11
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Commission on Banking
| 1534-vi | 22.12.11
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Commission on Banking
| 1534-vii | 23.1.12
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Review of FSA's Report into the failure of RBS
| 1780-i | 30.1.12
| Not applicable |
Uncorrected Evidence published on the Internet: Independent Review of FSA's Report into the failure of RBS
| 1780-ii | 3.2.12
| Not applicable |
Uncorrected Evidence published on the Internet: HM Treasury's Annual Report and Accounts 2010-11
| 1854-i | 29.3.12
| Not applicable |
Uncorrected Evidence published on the Internet: Credit Rating Agencies
| 1866-i | 6.3.12
| Not applicable |
Uncorrected Evidence published on the Internet: Credit Rating Agencies
| 1866-ii | 15.3.12
| Not applicable |
Uncorrected Evidence published on the Internet: Mortgage Market Review
| 1895-i | 22.3.12
| Not applicable |
Uncorrected Evidence published on the Internet: Credit Rating Agencies
| 1866-iii | 30.4.12
| Not applicable |
Uncorrected Evidence published on the Internet: Debt Management Office
| 1830-i | 1.5.12
| 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
Inquiry | Number 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 2011 | 4
|
Budget 2012 | 3
|
Competition and Choice in the Banking Sector
| 10 |
Credit Ratings Agencies
| 3 |
European Financial Regulation
| 2 |
Eurozone crisisimpact on the UK
| 1 |
Financial Conduct Authority
| 4 |
Financial Regulation |
1 |
Financial Regulation: a preliminary consideration of the Government's proposals
| 12 |
Global Imbalances | 2
|
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 Budget | 2
|
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 |
Total | 98A
|
A At
several meetings the Committee took evidence in more than one
inquiry
|