Menu
Sat, 23 November 2024

Newsletter sign-up

Subscribe now
The House Live All
A highly skilled workforce that delivers economic growth and regional prosperity demands a local approach Partner content
By Instep UK
Economy
UK Advertising: The Creative Powerhouse Fuelling Global Growth Partner content
Economy
Trusted to deliver Britain’s green growth Partner content
By Trust Ports Partnership
Economy
Taking the next steps for working carers – the need for paid Carer’s Leave Partner content
By TSB
Health
“Quo vadis” for the foundational industries in the UK Partner content
By BASF
Economy
Press releases

The Treasury Select Committee needs someone who can hit the ground running at this crucial time

2 min read

My combination of private sector and ministerial experience make me the right candidate ensure proper scrutiny of the executive, writes Harriett Baldwin  


With Nicky Morgan getting a well-deserved return to Cabinet, Parliament needs to elect a new chair of the Treasury Select Committee – someone who can hit the ground running at this crucial time.  There are some key questions which the committee need to pose. Are the preparations for a no deal exit from the EU now in order?  What about in the financial sector more generally?  Will the banks be able to open on 1 November and provide the credit the economy needs to thrive? Have the regulators done their job to ensure the sector is ready for EU exit on 31 October? 

Crucially, a new Bank of England governor will be appointed very soon. The Treasury Select Committee will want to interview the new governor immediately. The committee will also want to look at some of the ways in which the financial services sector is still letting customers down, whether by failing to explain the risks of investment products, or by charging too much. With financial fraud continuing to be a concern, is the Treasury happy with the way it is being dealt with? Her Majesty’s Revenue and Customs can sometimes provide a poor service and tax changes and loopholes are causing distress to the individuals affected. 

There are many fine candidates who have also put their name forward. However, none other has the combination of deep and senior private sector experience spanning two decades and ministerial expertise that will ensure the committee is able to move quickly to scrutinise the actions of our new chancellor and the men who are his ministers. All parliamentarians, whatever their political persuasion or views on the EU will want this committee to be a well-chaired and robust scrutineer of the executive and I urge MPs to back me for the role.

Harriett Baldwin is Conservative MP for West Worcestershire

PoliticsHome Newsletters

Get the inside track on what MPs and Peers are talking about. Sign up to The House's morning email for the latest insight and reaction from Parliamentarians, policy-makers and organisations.

Read the most recent article written by Harriett Baldwin MP - I will ensure sound scrutiny without fear or favour as chair of the Treasury Committee

Categories

Economy
Podcast
Engineering a Better World

The Engineering a Better World podcast series from The House magazine and the IET is back for series two! New host Jonn Elledge discusses with parliamentarians and industry experts how technology and engineering can provide policy solutions to our changing world.

NEW SERIES - Listen now