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Andrew Tyrie said HBOS failed because the top managers were delusional about the scale of their problems. "We need to be clear why HBOS failed, HBOS failed not because of some rogue trader or because of some complex investment banking ve... Continue to article
Treasury Select Committee press release The Parliamentary Commission on Banking Standards has today published a letter from its Chairman, Andrew Tyrie MP, to the Chief Executive of the Prudential Regulation Authority (PRA), Andrew Bailey... Continue to article
Andrew Tyrie said the Financial Policy Committee’s call for banks to hold more capital was correct, even though it was possible that it would discourage lending. “This is one of the paradoxes. Yes, it’s true that if you ask banks quickly... Continue to article
George Osborne was hailed by his Tory colleagues today, with one MP praising his “cost of living Budget”. Tory backbencher Robert Halfon celebrated the Chancellor’s freeze on a fuel duty rise. "This was a cost of living Budget," he to... Continue to article
MPs of both sides have criticised the level of parliamentary scrutiny that will be given to the Banking Reform Bill. The Government’s programme motion will see the Bill leave its committee stage before the Parliamentary Commission on Ban... Continue to article
Ken Clarke has accused those seeking to add amendments to the Justice and Security Bill of trying to "thwart" the idea of secret courts. The Minister without Portfolio was speaking today after a committee of MPs recommended amendments to... Continue to article
Andrew Tyrie, chairman of the All-Party Parliamentary Group on Extraordinary Rendiiton, has warned William Hague that MI6 staff may have breached confidentiality in supplying information to the press over the rendition of Abdel Hakim Belhadj to Libya in 2004.
In a letter to the Foreign Secretary Mr Tyrie wrote: “These reports are attributed to ‘well-placed sources’. The context suggests that these sources may well be from within MI6. If so this would represent staff from the intelligence agencies briefing the press."
The Treasury Select Committee has criticised the Bank of England for not providing information about talks held surrounding the collapse of Northern Rock in 2007. Andrew Tyrie, as chair of the Treasury Select Committee, hit out at the Bank's lack of accountability and insisted the Committee could not complete its task until the information was provided.
MPs have said that the Private Finance Initiative, used by previous governments to pay for new schools and hospitals, is "poor value for money".
The Treasury Select Committee has said that it is "illusory" that PFI shields the taxpayer from risk, and that it is no more efficient than other forms of borrowing. The committee recommended that PFI borrowing be included in the Government debt.
Committee chair and Conservative MP Andrew Tyrie accused governments of being "addicted" to PFI, and told the BBC this morning that "the whole thing has got out of hand, and it is the taxpayer who has been ripped off".
The BBC has apologised to Conservative MP Andrew Tyrie after a report during the Conservative Party conference "gave a misleading impression that Andrew Tyrie MP had been influenced by a Downing Street official to say something he did not believe to be true". The report suggested that a meeting at the conference between Mr Tyrie and policy guru Steve Hilton was the impetus behind Mr Tyrie adopting a more positive view of the Government's economic policy.
David Cameron has moved to reassure voters after a prominent Conservative MP warned the Government was not doing enough to promote economic growth and that “piecemeal policies” need “radical improvement". Andrew Tyrie, chair of the Treasury Select Committee, suggested tax cuts to stimulate growth and questioned the value of focusing on Big Society initiatives. But, speaking on a hospital visit this afternoon, Mr Cameron insisted the Government was "totally committed to growth".
Labour's Chris Leslie hit out at the Government, saying that Mr Tyrie's comments show that they have "no credible or coherent plan for growth". Conservative former minister John Redwood said that Mr Tyrie spoke "for a lot of Conservatives" but suggested not all Tories were "using the same language".
Chair of the Treasury Select Committee Andrew Tyrie has told the Financial Times that governance arrangements at the Bank of England will have to be overhauled before MPs can give the institution more power. Paul Fisher, a member of the Bank of England’s Monetary Policy Committee, warned yesterday of the threat of a "deflationary rut", saying more quantitative easing could be needed if deflation becomes a risk.
05/04/2013 on Today, BBC Radio 4
27/03/2013 on World at One, BBC Radio 4
07/02/2013 on PM, BBC Radio 4
Summaries and transcripts from TV and radio
24/05/2013 on World at One, BBC Radio 4
24/05/2013 on Sky News
24/05/2013 on Today, BBC Radio 4