The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The committee is responsible for examining and scrutinizing the expenditure, administration and policy of HM Treasury. This includes its agencies and associated bodies, including HM Revenue and Customs, the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, and the Royal Mint.
The current chair of the Treasury Select Committee is Dame Meg Hillier MP, from the Labour Party. The position of chair is considered influential, as the holder of the office can scrutinize figures including the Chancellor of the Exchequer, the Governor of the Bank of England, as well as bank executives.
History The select committee was established in 1979 as the Treasury and Civil Service Committee. Since 2010, the Treasury Committee has taken on new powers, including the right to veto appointments to the independent Office for Budget Responsibility, and has forced the Financial Services Authority to publish a detailed report into its handling of the collapse of Royal Bank of Scotland.
The select committee has been described as an influential one within British politics. In 2016, the committee was described as among the three most powerful select committees in the House of Commons, along with the Public Accounts Committee and the Culture, Media and Sport Committee.
Activities
Valuation Office Agency (VOA) Inquiry On 1 February 2019, the Treasury Committee launched an inquiry looking into the impact of business rates and any unfairness in the system of rateable valuation operated by the Valuation Office Agency (VOA). The inquiry heard evidence from many businesses and trade organisations. The findings of this inquiry outlined that the service was broken and public confidence had been eroded. In its reply to the inquiry, February 2020, the Government promised to make changes to business rates as part of a fundamental review of the VOA.
Chairs Committee chairs include those listed below.https://committees.parliament.uk/committee/158/treasury-committee/membership/former/
NameStartEndPartyConstituencyConservativeHazel GroveConservativeFulhamConservativeMilton Keynes South WestLabourNorth DurhamLabourDumbarton (2001–2005)West Dunbartonshire (2005–2010)ConservativeChichesterConservativeLoughboroughLabourBassetlawLabourNewcastle upon Tyne NorthConservativeCentral DevonLabourWallaseyConservativeWest WorcestershirepresentLabour Co-opHackney South and Shoreditch
Election results From June 2010 chairs of select committees have been directly elected by a secret ballot of the whole House of Commons using the alternative vote system. Candidates with the fewest votes are eliminated and their votes redistributed until one remaining candidate has more than half of valid votes. Elections are held at the beginning of a parliament or in the event of a vacancy.
Chair Party Constituency First elected MethodMeg HillierLabour and Co-opHackney South and Shoreditch9 September 2024Elected by the House of CommonsHarriett BaldwinConservativeWest Worcestershire9 November 2022Elected by the House of CommonsMel StrideConservativeCentral Devon23 October 2019Elected by the House of CommonsNicky MorganConservativeLoughborough12 July 2017 Elected by the House of CommonsAndrew TyrieConservativeChichester10 June 2010 Elected by the House of CommonsJohn McFallLabour Co-opWest Dunbartonshire(Dumbarton 1987–2005)18 July 2001 Elected by the select committeeGiles RadiceLabourNorth Durham17 July 1997 Elected by the select committee
9 September 2024 Candidate 1st round Votes % Meg Hillier Unopposed Not redistributed Valid votes
9 November 2024 Candidate 1st round 2nd round 3rd round 4th round Votes % Votes % Votes % Votes % Harriett Baldwin 156 39.3 169 42.9 182 46.7 204 54.4 Andrea Leadsom 106 26.7 114 28.9 141 36.2 171 45.6 John Baron 55 13.9 61 15.5 67 17.2 Eliminated Kit Malthouse 46 11.6 50 12.7 Eliminated Richard Fuller 34 8.6 Eliminated Not redistributed 3 0.8 7 1.8 22 5.5 Valid votes 397 394 390 375
29 January 2020 Candidate 1st round Votes % Mel Stride Unopposed Not redistributed Valid votes
+23 October 2019Treasury Select Committee (23 October 2019) "Treasury Committee Chair Election – Result Sheet" (PDF). House of Commons of the United Kingdom. Retrieved November 11, 2019.CandidateFirst roundSecond roundVotes%Votes%Mel Stride23746.426352.1Kevin Hollinrake16632.517534.7Harriett Baldwin6212.16713.3Mark Garnier469.0EliminatedNot redistributed61.2Valid votes511505
12 July 2017 Candidate 1st round 2nd round 3rd round 4th round 5th round Votes % Votes % Votes % Votes % Votes % Nicky Morgan 200 35.1 207 36.4 227 40.5 254 46.4 290 56.2 Jacob Rees-Mogg 136 23.9 141 24.8 160 28.6 179 32.7 226 43.8 Charlie Elphicke 74 13.0 82 14.4 98 17.5 114 20.8 Eliminated Richard Bacon 65 11.4 71 12.5 75 13.4 Eliminated John Penrose 63 11.1 68 12.0 Eliminated Stephen Hammond 32 5.6 Eliminated Not redistributed 1 0.2 10 1.8 23 4.0 54 9.5 Valid votes 570 569 560 547 516
17 June 2015 Candidate 1st round Votes % Andrew Tyrie Unopposed Not redistributed Valid votes
9 June 2010 Candidate 1st round Votes % Andrew Tyrie 352 61.6 Michael Fallon 219 38.4 Not redistributed Valid votes 571
Current membership Membership of the committee is as follows:
Member Party Constituency Meg Hillier MP (Chair) Labour Hackney South and Shoreditch Harriett Baldwin MP Conservative West Worcestershire Chris Coghlan MP Liberal Democrats Dorking and Horley Bobby Dean MP Liberal Democrats Carshalton and Wallington Jim Dickson MP Labour Dartford John Glen MP Conservative Salisbury John Grady MP Labour Glasgow East Siobhain McDonagh MP Labour Mitcham and Morden Julie Minns MP Labour Carlisle Catherine West MP Labour Hornsey and Friern Barnet Yuan Yang MP Labour Earley and Woodley
Changes since 2024 Date Outgoing Member& Party Constituency → New Member& Party Constituency Source 9 December 2024 Lucy Rigby MP (Labour) Northampton North → John Grady MP (Labour) Glasgow East Hansard 27 October 2025 Lola McEvoy MP (Labour) Darlington→ Jim Dickson MP (Labour) DartfordHansard Jeevun Sandher MP (Labour) Loughborough Luke Murphy MP (Labour) Basingstoke Rachel Blake MP (Labour) Cities of London and Westminster Catherine West MP (Labour) Hornsey and Friern Barnet 22 June 2026 Luke Murphy MP (Labour) Basingstoke → Julie Minns MP (Labour) Carlisle Hansard
2019–2024 Parliament The chair was elected on 27 January 2020, with the members of the committee being announced on 2 March 2020. Member Party Constituency Mel Stride MP (Chair) Conservative Central DevonRushanara Ali MPLabourBethnal Green and Bow Steve Baker MP Conservative Wycombe Harriett Baldwin MP Conservative West Worcestershire Anthony Browne MP Conservative South Cambridgeshire Felicity Buchan MP Conservative Kensington Angela Eagle MP Labour Wallasey Liz Kendall MP Labour Leicester West Julie Marson MP Conservative Hertford and Stortford Alison McGovern MP Labour Wirral South Alison Thewliss MP Scottish National Party Glasgow Central
Changes 2019–2024 Date Outgoing memberand party Constituency → New memberand party Constituency Source 11 May 2020 Liz Kendall MP (Labour) Leicester West → Mike Hill MP (Labour) Hartlepool Hansard Alison McGovern MP (Labour) Wirral South Siobhain McDonagh MP (Labour) Mitcham and Morden 16 March 2021 Mike Hill MP (Labour) Hartlepool → Vacant Resignation of member from Parliament 20 April 2021 Vacant → Emma Hardy MP (Labour) Kingston upon Hull West and Hessle Hansard 19 October 2021 Steve Baker MP (Conservative) Wycombe → Gareth Davies MP (Conservative) Grantham and Stamford Hansard 14 December 2021 Felicity Buchan MP (Conservative) Kensington → Kevin Hollinrake MP (Conservative) Thirsk and Malton Hansard 26 October 2022 Mel Stride MP (Chair, Conservative) Central Devon →Vacant Hansard 9 November 2022 Harriett Baldwin MP (Conservative) West Worcestershire →VacantHansardVacant → Harriett Baldwin MP (Chair, Conservative) West Worcestershire 21 November 2022Vacant →John Baron MP (Conservative)Basildon and BillericayHansardGareth Davies MP (Conservative)Grantham and StamfordDanny Kruger MP (Conservative)DevizesKevin Hollinrake MP (Conservative)Thirsk and MaltonAndrea Leadsom MP (Conservative)South NorthamptonshireJulie Marson MP (Conservative)Hertford and StortfordAnne Marie Morris MP (Conservative)Newton Abbot 16 January 2023 Alison Thewliss MP (SNP) Glasgow Central → Douglas Chapman MP (SNP) Dunfermline and West Fife Hansard 26 June 2023 Anthony Browne MP (Conservative) South Cambridgeshire → James Duddridge MP (Conservative) Rochford and Southend East Hansard 12 September 2023 Douglas Chapman MP (SNP) Dunfermline and West Fife → Drew Hendry MP (SNP) Inverness, Nairn, Badenoch and Strathspey Hansard 20 November 2023 Rushanara Ali MP (Labour) Bethnal Green and Bow → Keir Mather MP (Labour) Selby and Ainsty Hansard 11 December 2023 Sir James Duddridge MP (Conservative) Rochford and Southend East → Thérèse Coffey MP (Conservative) Suffolk Coastal Hansard Dame Andrea Leadsom MP (Conservative) South Northamptonshire Stephen Hammond MP (Conservative) Wimbledon 11 March 2024Emma Hardy MP (Labour)Kingston upon Hull West and Hessle →Samantha Dixon MP (Labour)City of ChesterHansard
Past membership lists
2017–2019 Parliament The chair was elected on 12 July 2017, with the members of the committee being announced on 11 September 2017. Member Party Constituency Nicky Morgan MP (Chair) Conservative Loughborough Rushanara Ali MP Labour Bethnal Green and Bow Charlie Elphicke MP Conservative Dover Stephen Hammond MP Conservative Wimbledon Stewart Hosie MP Scottish National Party Dundee East Alister Jack MP Conservative Dumfries and Galloway Kit Malthouse MP Conservative North West Hampshire Alison McGovern MP Labour and Co-op Wirral South Catherine McKinnell MP Labour Newcastle upon Tyne North John Mann MP Labour Bassetlaw Wes Streeting MP Labour Ilford North
Changes 2017–2019 Date Outgoing memberand party Constituency → New memberand party Constituency Source 20 February 2018 Kit Malthouse MP (Conservative) North West Hampshire → Simon Clarke MP (Conservative) Middlesbrough South and East Cleveland Hansard 29 October 2018 Alister Jack MP (Conservative) Dumfries and Galloway → Colin Clark MP (Conservative) Gordon Hansard 3 December 2018 Stephen Hammond MP (Conservative) Wimbledon → Steve Baker MP (Conservative) Wycombe Hansard 10 June 2019 Stewart Hosie MP (SNP) Dundee East → Alison Thewliss MP (SNP) Glasgow Central Hansard 25 July 2019 Nicky Morgan MP (Conservative) Loughborough → Vacant Hansard 23 October 2019 Vacant → Mel Stride MP (Conservative) Central Devon Hansard
2015–2017 Parliament The chair was elected on 18 June 2015, with members being announced on 8 July 2015.
Member Party Constituency Andrew Tyrie MP (Chair) Conservative Chichester Steve Baker MP Conservative Wycombe Bill Esterson MP Labour Sefton Central Mark Garnier MP Conservative Wyre Forest Helen Goodman MP Labour and Co-op Bishop Auckland Stephen Hammond MP Conservative Wimbledon George Kerevan MP Scottish National Party East Lothian John Mann MP Labour Bassetlaw Chris Philp MP Conservative Croydon South Jacob Rees-Mogg MP Conservative North East Somerset Wes Streeting MP Labour Ilford North
Changes 2015–2017 Date Outgoing memberand party Constituency → New memberand party Constituency Source 26 October 2015 Bill Esterson MP (Labour) Sefton Central → Rachel Reeves MP (Labour) Leeds West Hansard 31 October 2016 Mark Garnier MP (Conservative) Wyre Forest → Kit Malthouse MP (Conservative) North West Hampshire Hansard
2010–2015 Parliament The chair was elected on 10 June 2010, with members being announced on 12 July 2010.