Rushanara Ali MP has won a place on the House of Commons Treasury Select Committee, as voted for her fellow Labour Members of Parliament.
The Treasury Select Committee is made up of 13 MPs from across the main political parties. It is empowered to examine the expenditure, administration and policy of HM Treasury and other major public bodies, such as the Bank of England and the Financial Conduct Authority.
Commenting on her election to the Committee, Rushanara said:
“I am delighted to have been given the opportunity by my colleagues in Parliament to join this Committee and so scrutinise Government policy. I also welcome the opportunity to hold to account other significant financial bodies, whose decisions have a great impact on our country. Having recently campaigned to secure changes from international financial institutions and G20 world leaders through leading the Save Remittance Giving international campaign, I know just how much we can achieve for people in pushing for financial and regulatory reforms.”
“Closer to home, this committee’s work could not be more important – especially when people across the UK are suffering the longest fall in living standards since the Victorian era. Nowhere is the contrast more apparent between the wealth of the City and the cost-of-living crisis facing millions in this country than in Tower Hamlets. In what is an undeniably complex fiscal environment emerging from the Financial Crisis, I am determined to play my part to ensure that fairness is at the heart of Treasury policy in the UK.”
Having previously served as Shadow International Development Minister and Shadow Minister for Education, Rushanara has most recently lobbied on Treasury matters for the adoption of Labour’s Youth Jobs Guarantee, as well as holding the Government to account on the decision to cut the top-rate of income tax and its plans to free child tax credits and benefits.