Regulation  

Treasury committee appoints interim chairman

Treasury committee appoints interim chairman

Members of the Treasury committee have appointed John Mann MP to serve as interim chairman until a permanent replacement is elected.

The position was left vacant when former chairman Nicky Morgan MP was appointed secretary of state for Digital, Culture, Media and Sport in July.

Mr Mann (pictured) is the longest serving member of the Treasury select committee and also chairs its sub committee, which has examined the loan charge.

He is a Labour MP who in August said the taxman had a duty to protect “vulnerable” taxpayers who are faced with paying the loan charge and should do more to support them.

The election of a permanent chairman could take place in the second week of the September sitting, although no dates have been confirmed.

In his capacity as interim chairman Mr Mann will host the committee’s scheduled evidence session with the Bank of England tomorrow (September 4) ahead of Britain's planned exit from the EU at the end of October.

Mr Mann said: “As the October 31 deadline draws ever-closer, the committee will take evidence from the Bank of England to examine preparations for Brexit, as well as its most recent inflation report.”