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The work of the Treasury Select Committee The work of the Treasury Select Committee

The work of the Treasury Select Committee - PowerPoint Presentation

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The work of the Treasury Select Committee - PPT Presentation

Departmental Select Committees In existence since 1979 Shadow Government departments Around 11 members in proportion to party composition of the House the TSC has 13 Across all the Committees Chairs are ID: 397139

committee evidence public oral evidence committee oral public sessions report government scrutiny committees work 2011 bank england responsibility budget

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Slide1

The work of the Treasury Select CommitteeSlide2

Departmental Select Committees

In existence since 1979

Shadow Government departments

Around 11

members in proportion to party composition of the House – the TSC has 13Across all the Committees, Chairs are allocated in proportion to party strengthChairs elected by the House and Members elected by their parties since 2010 Generally aim for collaborative, consensual workingSlide3

Purpose and tasks

To examine the “expenditure, administration and policy” of the relevant Department and its associated public bodies

Most of this work is done through

inquiries and one-off public hearings

Other specific tasks:Scrutinise draft BillsScrutinise implementation of legislationPre-appointment hearingsCommittees meet in private as well as in public for certain purposesSlide4

Setting the Committee’s agenda

Ideas for inquiries or one-off evidence sessions come from a variety of sources, including:

MPs

interestsNew policy proposals from Government/EUThe public – eg. inquiry into the future of chequesBreaking news – eg. LIBORSlide5

Treasury Committee – specific tasks

Budget – report produced in time to inform parliamentary scrutiny of the Finance BillAutumn Statement

Spending Rounds

Quarterly

Inflation Reports of the Monetary Policy CommitteeSix-monthly Financial Stability Reports of the Bank of England Pre-appointment hearings – including the Governor of the Bank of EnglandSlide6

Departmental scrutiny and scrutiny of other public bodies

Annual session with HMT on the Treasury’s Annual Report and AccountsSub-committee regularly examines the performance of the Chancellor’s Departments,

such as HM Revenue & Customs or the Crown

Estate

Regular sessions with Bank of England, the Financial Conduct Authority and the Office of Budget ResponsibilitySlide7

Gathering evidence

Committee staff undertake background research

Written evidence received:

from any organisation or individual, including the Department

quantity and quality varies considerably; important to try to fill gaps and reach beyond ‘the usual suspects’usually published online with reportguides the lines of enquiry and selection of witnesses for oral evidenceresearch can be commissioned, e.g. from NAODevising and agreeing the programme of oral evidence and visitsSlide8

Gathering evidence –

oral evidence sessions

Oral evidence session with the Chancellor, 12 December 2013Slide9

Oral evidence sessions

Usually held at Parliament

Committee can insist on witnesses’ attendance

Held in public, webcast and broadcast

Witnesses appear individually or in panelsQuestion and answer formatMPs given briefings and suggested questionsWitnesses are often given some warning of questionsThe last session of an inquiry will usually be with the Secretary of State or other Ministers

Evidence has the protection of Parliamentary privilege

Transcript is

publishedSlide10

Other ways of gathering evidence

The format of formal oral evidence sessions can be restrictive…

Study visits – home or abroad

Informal or private meetings

Web forumsOral evidence away from WestminsterOther formats for meetings: public discussion, presentationsSlide11

Producing and publishing a report

Discussion within

Committee about main themes and arguments

Conclusions and recommendations based on

written and oral evidenceChairman’s draftConsideration and agreement – Committees aim for consensusPress notice and publication – some Committees have launch eventsTiming is importantSlide12

Response and follow-up

Government must respond within 60 days

Response

usually published

by the CommitteeResponses vary; they can be formulaic and a ‘direct hit’ is rareOpportunities for debate in main chamber or Westminster HallReports can be ‘tagged’ as relevant to other debatesFollow-up sessions or even further inquiries may be held laterSlide13

TSC reports and impact

Financial Services Bill (2012) – recommendations implemented in legislationOffice for Budget Responsibility (2011) – Committee given veto in law over appointment/dismissal of members of the Budget Responsibility CommitteeThe future of cheques (2011) – new payments regulator now establishedSlide14

Treasury Committee: examples of follow-up work

Current inquiry into PF2 follows on from 2011 report on PFIContinuing work on accountability of the Bank of England following 2011 Committee reportTSC has taken on responsibility for assessing

how

Government

and regulators have responded to the work of the Parliamentary Commission on Banking StandardsSlide15

Select Committees and local government scrutiny: common issues and themes

Quality of scrutiny ultimately dependent on members

Chairman in particular is very influential

Members’ interests, expertise and time vary

The reputation a Committee establishes is important, as is the level of consensusSensitivity of agreeing recommendations in a p/Political contextHaving an impact on the executive’s policyAbility to highlight issues

Monitoring impact in the long term