Following the unprecedented financial intervention announced by the Chancellor over recent days, the Treasury Committee today announces it will undertake an urgent inquiry into the banking crisis.
John McFall, Chairman of the Committee said: "This inquiry will take a fundamental look at the causes of the present banking crisis, the current responsibilities of the banks and the Government to the taxpayer, and the future shape of the financial and regulatory landscape."
Given the public concern about the stability of the UK banking system and commitment of such a large sum inherent in the Chancellor's proposals, the Committee is asking members of the public to send in questions they would like to see put to the following witnesses, who the Committee has invited to appear as soon as possible.
Witnesses: The Rt. Hon. Alistair Darling MP, Chancellor of the Exchequer - Mervyn King, Governor of the Bank of England - Lord Adair Turner, Chairman, Financial Services Authority
Questions should be emailed to the following address: [email protected]
The date of the hearing will be announced in due course.
John McFall, Chairman of the Committee added: "Taxpayers are naturally very concerned about the scale of this investment. The Committee hopes that by providing people with the chance to have us put their questions to those in charge, we can provide a constructive way of engaging the public on a matter of such deep concern to the whole country."
