The membership of the Finance and Services Committee in the previous Parliament was as follows:
| Member | Constituency | Party |
|---|
| Sir Stuart Bell (Chairman) | Middlesbrough | Labour |
| Mr Clive Betts | Sheffield, Attercliffe | Labour |
| Mr Paul Burstow | Sutton and Cheam | Liberal Democrats |
| Mr Geoffrey Clifton-Brown | Cotswold | Conservative |
| Mary Creagh | Wakefield | Labour |
| Mr Frank Doran | Aberdeen North | Labour |
| Rt Hon Sir Alan Haselhurst | Saffron Walden | Conservative |
| Ms Barbara Keeley | Worsley | Labour |
| Robert Key | Salisbury | Conservative |
| Mr Brooks Newmark | Braintree | Conservative |
| Rt Hon John Spellar | Warley | Labour |