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Tyrie re-elected Treasury committee chair

Andrew Tyrie

Andrew Tyrie is to remain as chairman of the Treasury select committee after challengers failed to emerge for the role.

Tyrie led the committee throughout the last parliament, becoming a high profile critic of the FCA and the Bank of England, as well as the wider financial services sector.

In one of the committee’s final acts in the last parliament, Tyrie slammed the FCA, raising questions of “systemic weakness” after an investigation into how the regulator handled the closed-book review.

His candidacy for this parliament was supported by Conservative Treasury committee members Mark Garnier and Steve Baker, as well as Labour’s Rushanara Ali and the SNP’s Stewart Hosie.

Tyrie was also backed by Labour’s acting shadow work and pensions secretary Stephen Timms, former chancellor Kenneth Clarke and Mayor of London Boris Johnson.

Elections for the remainder of the select committee chairs will take place on 17 June.

The work and pensions committee will be contested by poverty campaigners Kate Green and Frank Field and former tax investigator Teresa Pearce.



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TSC chair Tyrie attacks ‘slow and obstructive’ FCA

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A schism has opened between the FCA and MPs over a perceived lack of transparency at the regulator following a scathing report into its handling of the closed-book review. Last week, MPs blasted the FCA’s handling of its review into closed-book policies, while the watchdog was also forced to yield over publishing reports on its internal […]


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. So Andrew stays, after there failed to be any challengers emerge for the role ?

    You kind of wonder just how important the TSC is……..

    There really is no point in having a body of people (whatever name they like to call themselves) to challenge the status quo, if bye and large they are dismissed and ignored out of hand, this is compounded when these put downs are done very publicly (el a Sants),

    I am a firm believer that if you give some-one enough rope they will hang themselves……….

  2. Exactly DH ~ All Tyrie can do is ask questions, frown, tut-tut and wag his forefinger a bit but, when all that’s been done, the FCA can and on several occasions already has told him to go jump in the lake. It’s just an empty charade of holding the regulator to account. I’d have a bit more respect for him if he were to admit this and give the Treasury an ultimatum ~ give the Committee the powers it needs to be effective or find somebody else to sit here looking like a flaccid prick every day of the week.

  3. Its a truly sad state of affairs when the Government’s own oversight committee can do little to stem the tide of dubious regulatory decisions, financial shenanigans and general cock-a-snooking that emanates from E14.

    Perhaps Cameron should be asked quite what the point is of having a committee of interested people who can do little but foam at the mouth and point fingers.

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