All the updated news related to treasury committee

All the news related to treasury committee updated in real time

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Sunak warns against ‘irresponsible’ Government borrowing

Chancellor Rishi Sunak has said it would have been “irresponsible” for the Government to have borrowed more to raise benefits in the face of rising inflation. Appearing before the Commons Treasury Committee, Mr Sunak defended the choices he had made ...

28 Mar 2022 at 17:25

Truss ‘promising the earth’ in bid to become PM, says Sunak

Rishi Sunak accused his Conservative leadership rival of “promising the earth to everybody” as he played down polling suggesting he is set to be defeated by Liz Truss. The former chancellor also fuelled speculation that he may decline to serve in ...

22 Aug 2022 at 15:15

Truss told to be transparent over her plans for emergency cost-of-living budget

Liz Truss has been urged to be more transparent with her plans for an emergency budget to address the cost-of-living crisis. Tory leadership contest frontrunner Ms Truss has said she would bring forward urgent plans to address rising energy ...

22 Aug 2022 at 13:57

Debt management office given around 10 days’ warning pre mini-budget, boss says

The head of the UK’s debt management office has said that it was given around 10 days to determine how much cash it needed to raise ahead of the former chancellor’s mini-budget. Robert Stheeman, who is in charge of overseeing the UK’s £2.1 ...

26 Oct 2022 at 17:12

Bank of England ‘engaging’ with Treasury ahead of October 31 budget plan

Deputy governor of the Bank of England Sir Dave Ramsden has said the central bank is “engaging” with the Treasury over the potential fiscal event on October 31. The deputy governor for markets and banking also told MPs at the Treasury ...

24 Oct 2022 at 17:34

Bank of England ‘blindsided’ by unexpected elements of mini-budget

The deputy governor of the Bank of England has said that the Government did not fully brief the Bank on its mini-budget and sweeping tax-cutting plans before it was unveiled. Sir Jon Cunliffe was asked by Mel Stride, chair of the ...

19 Oct 2022 at 20:08

City

Lenders told to ‘step up’ by financial regulator amid mortgage rates surge

Bosses of the UK’s financial watchdog have said lenders need to “step up” to support stressed homeowners facing surging mortgage rates. Richard Lloyd, the interim chair of the Financial Conduct Authority (FCA), said it is ...

07 Nov 2022 at 18:46

Bank chief says UK financial system could be ‘vulnerable’ to market volatility

The Bank of England has insisted that the UK’s banking system is robust, but admitted that any “lasting impact” on bank funding costs could dent the nation’s financial stability. It follows the failure of the US’s ...

22 Mar 2023 at 18:45

Personal Finance

Cost-of-living support should be spread over six months, say MPs

Cost-of-living support payments to people on means-tested benefits should be spread out over next winter, the Treasury Committee has urged. Payments totalling up to £900 will be given to households on ...

14 Dec 2022 at 01:01

Personal Finance

Average 27-minute wait on HMRC self-assessment helpline in January

People calling HM Revenue & Customs’ self-assessment helpline have faced a 27-minute waiting time on average so far this month. In December, the average waiting time was 28 minutes, according to a ...

25 Jan 2023 at 10:23

Personal Finance

Plans to reimburse bank transfer scam victims are flawed – Treasury Committee

Proposals to reimburse victims of bank transfer scams are fundamentally flawed, according to the Treasury Committee. The Government has previously said the Payment Systems Regulator (PSR) will be ...

06 Feb 2023 at 00:01

Banks should increase returns on savings amid interest rate rises, says top Tory

Banks should increase returns on savings as interest rates rise, a senior Tory has told the Commons. Harriett Baldwin, the Conservative chairwoman of the Treasury Select Committee, suggested ...

13 Jun 2023 at 14:22

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