John McFall MP (Lab, West Dunbartonshire) - Chair, Treasury Select Committee
John McFall is the MP for West Dunbartonshire and the Chairman of the House of Commons Treasury Committee. He was first elected in 1987, and between 1989 and 1991 held the position of Opposition Whip before becoming Opposition Front Bench Spokesman on Scottish Affairs, a post he held from 1992 until 1997. After 1997, John served as a Government Whip and in July 1998 he was appointed Parliamentary Under Secretary of State in the Northern Ireland Office.
In July 2001, John McFall was elected Chairman of the House of Commons Treasury Committee. He was re-elected to this post in October 2005. Recently, the Treasury Committee has been a prominent voice on the banking crisis and credit crunch. The Committee questioned the Chancellor, the Governor of the Bank of England and the Chairman of the FSA, as well as Northern Rock directors, investment banks, credit rating agencies and experts, to find out why the credit crisis had happened and what could be done to prevent future ones. The Committee was also prominent on the 10p tax affair in early 2008.
