MPs set to vote for Treasury select committee chair
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Conservative MPs Michael Fallon and Andrew Tyrie will battle for head of the Treasury select committee as MPs will vote on 23 select committee chairmanships next week.
This is the first time the positions will be voted for by MPs; previously the chairs were chosen by party whips.
Fallon told the Financial Times: “There will be no more patsies from now on.” Tyrie told the FT that he is glad chairs will be voted in after lobbying for the change for a decade.
The positions will be voted for next Wednesday by MPs and candidates must gain half of first-choice preferences from all members of the house.
MP for Sevenoaks Fallon, who acted as deputy chairman under John McFall in the last Government, is a non-executive director of Tullet Prebon, an inter-dealing broking firm. He was previously schools minister and currently chairs the Treasury select sub-committee, which overseas HM Revenue & Customs.
MP for Chicester Tyrie, who was an economic adviser to former Prime Minister John Major and former Chancellor Nigel Lawson, wrote a scathing attack on the FSA in his book, The Leviathan At Large in 2000.
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Readers' comments (2)
Simon Mansell | 2 Jun 2010 4:59 pm
Both are good men. The Leviathan At Large is a hugely important piece that understands that the FSA is a malignancy that needs to be cut back before it kills those it regulates. I would encourage all to google a copy and read this authorative document.
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laurence benjamin | 5 Jun 2010 12:04 pm
I would like to see Howard Flight on the committee he was at Guinness Flight International for years and knows the IFAs work
and problems had with the mass of ex bankers and ex insurers that laughingly is called the " independent " regulator
Also an independent regulator DOES NOT
Borrow 100million on an open loan basis from
a bank that a regulator is supposed to be monitoring In my professional experience of 40 + years that is a CONFLICT OF INTEREST and
should be stamped on right away I hope Mr
Fallon et al note this and bring the FSA to task
When is this body going to be audited and examined An Acccountancy Age advert in aug 2009 called for ex bankers and ex insurance staff to be paid 40k to 70k as an afterthought it said " accountants might also be interested
they were looking for 30 or more staff at the time.
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