On 10 June 2010, Tyrie was elected to chair the Treasury Select Committee.Member of Parliament for Chichester. Assumed office 1 May 1997.
The current annual salary for an MP is £65,738. In addition, MPs receive allowances to cover the costs of running an office and employing staff, having somewhere to live in London and in their constituency, and travelling between Parliament and their constituency.
Salary – Bonuses – Pension etc
About the organisation
A very active member of several Select Committees. As a member of the Treasury Select Committee, 2001 – 2005, he led the way in cross-questioning the bank bosses so that taxpayers’ money is protected and so that we do not experience another financial crisis.He opposed the tripartite structure of the Bank of England, FSA and Treasury created by the government in 1999, during the passage of the Financial Services and Markets Bill. He was concerned that it would leave no-one in charge during a crisis and that no single organisation would be held accountable. This lack of leadership proved to be a contributory factor in the recent financial crisis, and he again pushed to reform the system as a member of the Financial Services Bill Committee from December 2009 to January 2010. He is the founder and chairman of the All Party Parliamentary Group on Extraordinary Rendition, dedicated to ensuring that the UK is not involved in the US programme of kidnap and mistreatment of terrorist suspects.
The Commons is a democratically elected body, consisting of 650 members (since 2010 General Election), who are known as Members of Parliament (MPs).
The Sunday Times called him: “One of the brightest politicians of his generation, accused by colleagues of arrogance and untuned political antennae.”Citywire.co.uk 14 December 2010:
Treasury Select Committee chairman Andrew Tyrie MP called on the Financial Services Authority (FSA) to publish a summary of its secret investigation into Royal Bank of Scotland (RBS). RBS collapsed spectacularly in 2008 and had to be bailed out to the tune of £45billion of taxpayers' money.
“It is in the public interest that as much as possible of the findings of this investigation be made public,it is crucial that we learn the lessons from the catalogue of mistakes which necessitated a huge taxpayer funded bailout; not least for the assistance it may provide in getting regulation right for the future. The FSA have assured us that they have conducted a thorough investigation. We need to see it,” said Tyrie.
At first the FSA refused.
But in December 2011 the full report was published exonerating Tyrie's continuing pressure.
Despite record salaries and bonuses nobody at RBS has been held to account!
He was born in 1957 in Rochford, Essex. He was the first generation of his family to go to university. After Felsted School he went to Trinity College, Oxford, the College of Europe in Bruges and Wolfson College, Cambridge. He is a former Woodrow Wilson scholar and a Fellow of Nuffield College, Oxford.He has twice been voted The Spectator’s ‘Backbencher of the Year’.
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