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The Latest Breaking News from Treasury Committee

Fact check: Government received data on sector impact of revaluations

The Valuation Office Agency’s chief executive said the rateable tax valuation process included ‘data drops’ to the Government.

Evening Standard

Leading with kindness is important, HMRC boss tells MPs

John-Paul Marks, first permanent secretary and chief executive at HMRC, addressed the Treasury Committee.

Evening Standard

Stamp duty should be abolished, TV presenter Kirstie Allsopp tells MPs

She told the Treasury Committee that people ‘should be able to move house cheaply and easily’.

Evening Standard

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Do not cut cash Isa allowance in the Budget, senior MPs warn Reeves

It is ‘not the right time’ to cut the tax-free limit, a senior MP warns

The Independent UK

Government has not heeded warnings over Lifetime Isa, says Treasury Committee

The Government has an opportunity at the Budget to ‘think again on the Lisa,’ according to Treasury Committee chairwoman Dame Meg Hillier.

Evening Standard

Government needs to do more to reform Lifetime Isas, says MPs

The Government has an opportunity at the Budget to ‘think again on the Lisa,’ according to Treasury Committee chairwoman Dame Meg Hillier

The Independent UK

Bank of England will monitor cash acceptance on ongoing basis

Dame Meg Hillier, chairwoman of the Treasury Committee, described the development as a ‘positive first step’.

The Independent UK

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Complexity of Lifetime Isas increases risk of poor financial decisions, says Treasury Committee

The Treasury Committee said the design of the Lifetime Isa may be diverting people away from more suitable products.

Evening Standard

Savers should be warned about potential pitfalls of Lifetime Isas, MPs say

The Treasury Committee said savers should be aware of more suitable products

The Independent UK

Speed of UK rate cuts ‘shrouded in uncertainty’ after tariffs, Bank boss says

Andrew Bailey told MPs during a Treasury Committee session that the Bank had ‘genuine concerns’ about escalating trade tensions.

The Independent UK

Speed of UK rate cuts ‘shrouded in uncertainty’ post-tariffs, Bank boss says

Andrew Bailey told MPs during a Treasury Committee session that the Bank had ‘genuine concerns’ about escalating trade tensions.

Evening Standard

FCA bosses highlight risks of bad advice or fraud from some online influencers

People may lose some or all of their money, the Treasury Committee heard.

Evening Standard

Firms ‘may need to be forced to accept cash to prevent two-tier society’

The Treasury Committee is urging the Government to improve its monitoring and said the Treasury may eventually need to mandate cash acceptance.

Evening Standard

Watch in full: Economists grilled on Rachel Reeves’s spring statement as millions brace for bill rises (cloned)

Watch as UK economists appear before parliament's Treasury Committee on Tuesday, 1 April, to answer questions about Rachel Reeves's spring statement.

The Independent UK

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International Business Times UK

Santander's IT Nightmare: Outage Leaves Customers Without Funds—Can You Claim Compensation?

Santander users are experiencing major challenges using their debit and credit cards, as well as transfering money. Downdetector reports that this is an ongoing, global issue.

Evening Standard

Martin Lewis highlights ‘major holes’ in Lifetime Isas

The MoneySavingExpert.com founder was giving evidence to the Treasury Committee.

The Independent UK

Martin Lewis tells MPs the big problems behind the Lifetime ISA - and why banks don’t offer it

The MoneySavingExpert.com founder was giving evidence to the Treasury Committee

Evening Standard

Government has no plans to force businesses to accept cash, MPs hear

Economic secretary to the Treasury Emma Reynolds told the Treasury Committee the Government has no plans to compel big or small firms to accept cash.

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Evening Standard

Treasury Committee probes whether Lifetime Isa is still fit for purpose in 2025

MPs are aiming to gather views from the finance industry, consumers and experts.

The Independent UK

Watch live: Bank of England’s Andrew Bailey speaks to lawmakers about financial stability

Watch live as the Bank of England Governor Andrew Bailey, and other members of the BoE’s Financial Policy Committee answer questions from the House of Commons’ Treasury Committee on 10 January.

Evening Standard

Tax self-assessment: Thousands face 'long phone queues' as HMRC moves services online ahead of Jan 31 deadline

The Commons Treasury Committee criticised the move by Her Majesty’s Revenue and Custom away from self-assessment call handlers

The Independent UK

Self-assessment helpline will focus on ‘priority queries’ in run-up to deadline

Treasury Committee chairwoman Harriett Baldwin has written to HMRC CEO Jim Harra ‘to get much-needed answers about what this means for taxpayers’.

The Independent UK

Banks under fire as HSBC profits surge while borrowers are squeezed

The chair of the Treasury Committee said the latest figures show major lenders are not sufficiently passing on higher interest rates to savers

The Independent UK

Tangled tax break approach needs drastic overhaul, MPs warn

An inquiry by the Commons Treasury Committee expressed concern about a serious lack of scrutiny of the tax reliefs.

The Independent UK

Savings providers must keep customers informed about available rates – watchdog

FCA boss Nikhil Rathi said firms will need a strategy to ensure customers are adequately informed of available rates across their product set.

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