All the updated news related to treasury select committee

All the news related to treasury select committee updated in real time

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Ministers reconsidering inflation-linked benefits rise amid economic turmoil

Benefits may not be hiked in line with spiralling inflation, a minister has suggested, while insisting Government plans to cut taxes to the benefit of the most wealthy will continue. Treasury minister Chris Philp said that a commitment by former ...

29 Sept 2022 at 06:28

MPs demand economic forecast alongside Kwarteng’s mini-budget

MPs have demanded that an independent forecast of the UK’s economic outlook is published alongside Chancellor Kwasi Kwarteng’s mini-budget. The Conservative chairman of the Commons Treasury Committee, Mel Stride, said data from the independent ...

20 Sept 2022 at 16:35

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Government should not announce major tax cuts without an independent economic forecast from the Office for Budget Responsibility, the head of a major economic think tank has warned. The Chancellor is set to announce tens of billions of ...

22 Sept 2022 at 20:13

City

Centrica ‘will not challenge windfall tax’

British Gas owner Centrica will not launch a legal bid to challenge the Government’s new windfall tax, its chairman said on Tuesday. But Scott Wheway warned of “long-term problems” if the tax is expanded to include power generators. He ...

07 Jun 2022 at 12:56

Diesel price could hit as high as £3 per litre, MPs told

Diesel prices could nearly double from record levels if production in Russia is shut down and oil prices rise, MPs have been told. Experts said that the price of diesel could possibly hit as high as £3 per litre, up from current ...

14 Mar 2022 at 18:55

UK faces recession before inflation can be controlled, MPs told

The UK will probably have to go through a “mild recession” if not worse before inflation comes back to a more manageable level, top economists have warned MPs. London School of Economics professor Charles Goodhart said that ...

11 May 2022 at 18:25

City

Cost-of-living support not targeting benefits claimants, OBR warns Chancellor

The poorest in society are less likely to enjoy the benefits announced in the spring statement last week because the support packages focused so heavily on those in work, according to the Government’s own economists. ...

28 Mar 2022 at 16:55

City

MPs call for probe into leaking of ‘market-sensitive’ information before Budget

Politicians on an influential committee have accused the Government of leaking market-sensitive information in the run-up to the last Budget. MPs on the Treasury Select Committee criticised leaks of details about ...

27 Jan 2022 at 01:25

Bank boss warns inflation pressures may stay until the end of 2023

Bank of England boss Andrew Bailey has warned over mounting signs that inflation pressures may last longer than first thought. The Bank’s governor told MPs on the Treasury Select Committee that financial markets ...

19 Jan 2022 at 16:58

City

Government not prioritising economic fraud, MPs warn

The Government must do more to prioritise economic crime and explain why legislation is being delayed, according to an influential group of MPs. The Treasury Select Committee said in a fresh report that ...

02 Feb 2022 at 02:25

$Bank of England spends fraction of £65bn emergency gilt-buying programme$

Bank of England spends fraction of £65bn emergency gilt-buying programme

The Bank of England said it has spent just a fraction of the emergency £65 billion gilt-buying programme launched last week to prevent a “self-reinforcing spiral” in the wake of the mini-budget. In a ...

06 Oct 2022 at 13:23

City

Vacancies remain at City watchdog despite hiring spree

The City watchdog managed to fill more than 100 vacancies during the summer and autumn, but one in 10 positions still remain empty, new figures show. Data released by the Financial Conduct Authority ...

11 Jan 2023 at 15:37

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