Treasury Committee

The Commons Treasury Committee scrutinises the government's financial and economic policies, the work of the Bank of England, the Financial Conduct Authority, and Her Majesty's Revenue and Customs. As a select committee, it examines legislation, takes oral evidence from ministers and external witnesses, and publishes reports shaping fiscal and monetary policy debate. The committee operates across the full economic landscape, from tax and spending decisions to banking regulation and financial services. Recent inquiries have centred on the Bank of England's monetary policy stance and its monetary policy reports, with particular scrutiny of inflation management and economic forecasting. The committee assessed the Office for Budget Responsibility at 15 years of operation through both expert panels and written evidence, evaluating its track record on fiscal forecasting. Additional investigations have covered financial inclusion strategy, the Financial Conduct Authority's approach to financial crime and crypto regulation, the Financial Ombudsman Service's governance and independence, and the government's Spring Statement 2026.