Treasury select committee chairman Andrew Tyrie MP has announced he will not stand for re-election.
Mr Tyrie, who has been MP for Chichester for 20 years, said he had done what he could to make a contribution, “particularly in efforts to improve banking standards and to shape a more trusted and resilient financial sector after the crisis of 2008.”
The 60-year-old, who last year butted heads with Bank of England governor Mark Carney about his warnings over the Brexit vote, said: “I have also sought to play a part in reviving Parliament’s relevance, not least by making the case for select committee chairmen to be elected by their fellow MPs.
“Stronger committees now demand better explanations for the decisions made by ministers, regulators, and quangos than hitherto.
“I particularly want to thank my colleagues and the staff on the Treasury committee who have worked with me to drive these changes forward.
“I am confident that Theresa May will lead the Conservative Party to a decisive victory at the general election, and will continue to give the country the strong and effective leadership that she has already shown as prime minister.
“I remain deeply committed to public service. I am determined, and hopefully young enough, to contribute in other ways in the years ahead.”
Andrew Bailey, chief executive of the Financial Conduct Authority, said: "I would like to thank Andrew for his contribution to public policy through the Treasury select committee and the Parliamentary Commission on Banking Standards.
“He has played a major role in enhancing the accountability of economic and financial policy at a time of great change."
emma.hughes@ft.com
