Oral evidence transcripts

Inquiry The economics of HS2

Witnesses Richard Threlfall, Partner and Head of Infrastructure, Building and Construction, and Lewis Atter, Partner, Global Infrastructure and Projects Group, KPMG LLP (at 09:30); Professor Henry Overman, Professor of Economic Geography, Department of Geography and Environment, London School of Economics, Dr Richard Wellings, Director of IEA Transport and Deputy Editorial Director, Institute for Economic Affairs, and Professor Dan Graham, Professor of Statistical Modelling and Research Director of the Railway and Transport Strategy Centre, Imperial College (at 10:30).

Inquiry EU Financial Regulation

Witnesses Dr Gerard Lyons, Chief Economic Advisor to the Mayor of London, Jim O’Neill, Visiting Research Fellow at BRUEGEL, Chair of Cities Growth Commission and former Chair of Goldman Sachs Asset Management, and Sir Nigel Wicks, Chairman, British Bankers’ Association (at 14:15).

Inquiry Quantitative easing

Witnesses Robert Stheeman, Chief Executive, Debt Management Office, and Paul Fisher, Executive Director, Markets, Bank of England.

Inquiry Monetary Policy: Forward Guidance

Witnesses Jens Larson, Managing Director and Chief European Economist, Capital Markets, Royal Bank of Canada, Robert Wood, Chief UK Economist, Berenberg Bank, and Simon Wells, Chief UK Economist, HSBC Holdings PLC.

Inquiry Money Advice Service

Witnesses Sajid Javid MP, Economic Secretary to the Treasury, and Alison Cottrell, Director of Financial Services, HM Treasury.

Inquiry Financial Conduct Authority

Witnesses John Griffith-Jones, Chairman Designate, Financial Conduct Authority

Inquiry Administration and effectiveness of HMRC

Witnesses Lin Homer, Chief Executive and Permanent Secretary, HM Revenue and Customs; Jim Harra, Director General, Business Tax, HM Revenue and Customs; Ruth Owen, Director General, Personal Tax, HM Revenue and Customs

Inquiry Administration and effectiveness of HMRC

Witnesses Gareth Hills, President, Association of Revenue & Customs, Graham Black, Past President, Association of Revenue and Customs and Peter Lockhart, PCS Revenue and Customs Group, Paul Aplin, Chairman, Tax Faculty Technical Committee, Institute of Chartered Accountants, England & Wales, Robin Williamson, Technical Director, Low Incomes Tax Reform Group and Richard Baron, Head of Taxation, Institute of Directors

Inquiry Money Advice Service

Witnesses Gillian Guy, Chief Executive, Citizens Advice

Inquiry Corporate governance and remuneration

Witnesses Dick Saunders, Chief Executive, Investment Management Association, Otto Thoresen, Director General, Association of British Insurers, and David Paterson, Head of Corporate Governance, National Association of Pension Funds

Inquiry Money Advice Service

Witnesses Lord Turner of Ecchinswell, Chairman, Financial Services Authority, and Martin Wheatley, Managing Director, Conduct Business Unit, Financial Services Authority, Gerard Lemos, Chairman, Money Advice Service, and Tony Hobman, Chief Executive, Money Advice Service

Inquiry Money Advice Service

Witnesses Joe Garner, Chair, Financial Services Practitioner Panel, Adam Philips, Chair, Financial Services Consumer Panel, Delroy Corinaldi, Director of External Affairs, Consumer Credit Counselling Services, and David Hawkes, Advice UK; Tracey Bleakley, Chief Executive, Personal Finance Education Group (pfeg), Otto Thoresen, Director General, Association of British Insurers, and Martin Lewis, moneysavingexpert.com

Inquiry Corporate governance and remuneration

Witnesses Mr John Lee, Managing Partner, FIT Remuneration Consultants, Mr David Pitt-Watson, Chair, Hermes Focus Asset Management, Mr Anthony Watson CBE, Senior Independent Director and Chair Lloyds Banking Group Remuneration Committee, and Mr Daniel Stilitz QC, High Pay Centre

Inquiry Corporate governance and remuneration

Witnesses Baroness Sarah Hogg, Chairman and Mr Peter Montagnon, Senior Advestment Advisor, Financial Reporting Council; Sir David Walker, Senior Advisor, Morgan Stanley

Inquiry Credit Rating Agencies

Witnesses Moritz Kraemer, Managing Director and Head of the Sovereign Ratings Group for Europe, Middle East and Africa, Standard & Poor's; David Riley, Managing Director, Sovereign and Supranational Ratings, Fitch Ratings and Alastair Wilson, Chief Credit Officer, Moody's

Inquiry Credit Rating Agencies

Witnesses Moritz Kraemer, Managing Director and Head of the Sovereign Ratings Group for Europe, Middle East Africa, Standards & Poor’s, David Riley, Managing Director, Sovereign and Supranational Ratings, Fitch Ratings, and Alastair Wilson, Chief Credit Officer, Moody’s

Inquiry Credit Rating Agencies

Witnesses Paul Taylor, Group Managing Director, Fitch Ratings, Frederic Drevon, Managing Director, Head of EMEA, Moody’s Investors Service, Dominic Crawley, Managing Director and Head of Financial Services Ratings, Standard and Poor’s, and Alan Re

Inquiry Credit Rating Agencies

Witnesses Malcolm Cooper, Global Tax and Treasury Director, National Grid plc, Georg Grodzki, Head of Credit Research, Legal and General Investment Management, Mark Hyde Harrison, Chairman, National Association of Pension Funds, and John Grout, Po

Inquiry Financial Regulation

Witnesses Mervyn King, Governor, Paul Tucker, Deputy Governor, Financial Stability, Andrew Bailey, Executive Director, Banking Services and Chief Cashier and Andrew Haldane, Executive Director, Financial Stability, Bank of England