Citywire for Financial Professionals
Stay connected:

View the article online at

Morgan beats Rees-Mogg to lead Treasury MPs

Nicky Morgan, former Conservative education secretary and a critic of hard Brexit, to chair House of Commons Treasury select committee.

Morgan beats Rees-Mogg to lead Treasury MPs

Former education secretary Nicky Morgan has beaten Jacob Rees-Mogg in the race to lead the Treasury select committee. 

Morgan has been one of the most vocal critics of Theresa May's hard Brexit strategy within the Conservative party. 

Her victory over Rees-Mogg, who has advocated a complete break with the EU including the single market and the customs union, has been depicted as a victory for those in parliament who want a softer approach to leaving the EU.

As chair of the Treasury committee Morgan will lead the questioning of officials about economic policy, including trade deals for financial services. She will also question Financial Conduct Authority executives about regulation. 

She said she was delighted to be elected. 'Parliament has a strong role to play in scrutinising the government, and the select committee system acquires ever more importance in a hung Parliament.

'I look forward to working with my colleagues on the committee to consistently, impartially and fairly hold the Treasury to account,' Morgan added.

Morgan, who previously held two ministerial roles in the Treasury, is the first woman to chair the committee. She succeeds Andrew Tyrie, who stepped down as an MP before the general election in June. 

The remaining members of the Treasury committee will be appointed by the House of Commons. 

7 comments so far. Why not have your say?

Colm Maguire

Jul 13, 2017 at 13:05

Good news

report this


Jul 13, 2017 at 23:58

Thank goodness we don't have Rees-Mogg

report this


Jul 14, 2017 at 06:42

Excellent for us. Bad news for Herry VIII.

report this


Jul 14, 2017 at 11:13

Why, wants wrong with Rees-Mogg ? He's honest, realistic, practical, exoerienced in finance, not afraid and increasingly popular.

report this

In the Dark

Jul 14, 2017 at 11:26

I agree CT, I would have preferred Rees-Mogg.

report this


Jul 14, 2017 at 12:18

Nicky is going to be holding hands with Osbourne for the same reason - more obstacles to progress at this so important time

Across the board to our bonkers lefties the inmates are running the asylum at the moment - surely the dreamers will wake up soon !

report this


Jul 14, 2017 at 13:00

I too would have preferred Rees-Mogg.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire Guide to Investment Trusts

In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.

Watch Now

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add to your safe senders list so we don't get junked.

Sorry, this link is not
quite ready yet