Membership of the Treasury Committee has been approved by the House of Commons. The first evidence session, which was with HM Revenue and Customs, has been held. Prior to this, members of the Committee agreed a broad outline for a future programme.
The Committee agreed to take evidence from Rt Hon. Philip Hammond MP, Chancellor of the Exchequer, Dr Mark Carney, Governor of the Bank of England, and Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA), soon after the Conference Recess.
The Committee will scrutinise appointments to key posts in the Treasury's associated bodies, including the Bank of England’s Policy Committees.
The Committee is likely to inquire about transitional arrangements after the UK leaves the EU; to take evidence on the preparedness of banks and insurers for Brexit; to continue the work of the previous Committee on the threats to the tax base and conclude its inquiry into Solvency II; and to ask questions about the treatment of customers in RBS’ Global Restructuring Group.
The Committee also agreed to appoint the Treasury Sub-Committee, which will be chaired by John Mann MP.
Commenting on the programme, Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, said:
"The Treasury Committee now has a broad outline for a future programme of work. I look forward to working with my colleagues to scrutinise the Treasury, HMRC, and associated public bodies, including the Bank of England and the FCA."
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