Danny McCance 25 Apr 2017 03:52pm

Andrew Tyrie to step down as MP

Tyrie has served as chairman of the Treasury Select Committee (TSC) since July 2015

He announced this afternoon “after very careful thought” that he will no longer stand as an MP at the snap general election in June. Tyrie has been the Conservative MP for Chichester since 1997.

He first appeared on the TSC between 2001 and 2003. He has been known as a strong critic of parts of the banking and financial sectors post-financial crash. He was also vocal in his criticism of HMRC strategy, including its Making Tax Digital plans, which today were dropped from the Finance Bill.

“It has been an exhilarating 20 years. I have done what I can to make a contribution, particularly in efforts to improve banking standards and to shape a more trusted and resilient financial sector after the crisis of 2008.

“Stronger committees now demand better explanations for the decisions made by ministers, regulators, and quangos than hitherto. I particularly want to thank my colleagues and staff on the Treasury Committee who have worked with me to drive these changes forward”, Tyrie said in his statement.

Former chancellor George Osborne and Labour MP and BEIS member Iain Wright, among others, are also standing down as MPs ahead of the election.