LORDS

Chancellor of Exchequer questioned by Economic Affairs Committee

07 September 2018

The Rt Hon Philip Hammond MP, Chancellor of the Exchequer, will appear before the House of Lords Economic Affairs Committee in his annual session with the Committee.

Background


The wide-ranging session is expected to cover questions on the Treasury's Brexit forecasts, the future of the Governor of the Bank of England, the Government's approach to student loan financing, and the economic case for HS2.

Witness

Tuesday 11 September in Committee Room 1, Palace of Westminster

At 3.35pm.

  • The Rt Hon Philip Hammond MP, Chancellor of the Exchequer, HM Treasury

Likely areas of discussion

The Committee are likely to ask questions related to the following topics:

  • Financial forecasting for Brexit;
  • The future of the Governor of the Bank of England;
  • The Government’s approach to student loan financing;
  • The apprenticeship levy, and the decline in apprenticeship starts;
  • The use of the Retail Prices Index as a measure of inflation;
  • The economics of HS2;
  • The dominance of the Big Four and challenges in the audit market;
  • Fiscal sustainability and demographic challenges; and
  • Social care funding.

Many of the issues expected to arise are based on the Committee's reports: Treating Students Fairly: The Economics of Post-School Education; Brexit and the Labour Market; The Economic of High Speed 2; and Auditors: Market Concentration and their role.

The Chancellor appears annually before the Economic Affairs Committee to be asked about a range of current economic issues. The Committee is chaired by Lord Forsyth of Drumlean. Current committee members include Lord Lamont of Lerwick and Lord Darling of Roulanish.

Further information

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