Treasury committee outlines work on artificial intelligence and wider economic oversight

The UK parliament treasury committee has published a series of recent reports and evidence sessions, including a dedicated inquiry into artificial intelligence in financial services alongside work on gambling taxation, business rates and the Office for Budget Responsibility.

The UK parliament treasury committee, a commons select committee responsible for scrutinising the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, the Bank of England and the Financial Conduct Authority, has set out a broad programme of work spanning taxation, technological change and economic governance. Recent publications highlight inquiries into the Budget 2025, the use of artificial intelligence in financial services, and long term assessments of the Office for Budget Responsibility, alongside routine oversight activities and government responses.

On taxation policy, the committee has released the 14th report on the taxation of gambling within the Budget 2025 inquiry, identified as HC 1451 and published on 7 November 2025. The government response is captured in the 6th special report titled “Taxation of gambling: Government Response”, listed under HC 1625 and published on 22 January 2026, with a file size of 150KB for the downloadable version. These outputs demonstrate an iterative scrutiny process in which initial committee findings on gambling taxation are followed by formal government engagement and reply.

Technology and financial regulation feature through the 15th report on artificial intelligence in financial services, produced under the inquiry “AI in financial services”. The report is catalogued as HC 684, provided in a downloadable file of 304KB, and was published on 20 January 2026, signalling focused attention on how artificial intelligence is reshaping financial markets and regulatory expectations. The committee’s wider oversight role is visible in recent correspondence, including letters from the Bank of England on the appointment of Katharine Braddick as DGPR and deferred compensation, a letter on quantitative tightening governance and value dated 9 January 2026 with a file of 236KB published 24 February 2026, and a letter from the economic secretary to the treasury on national wealth fund capitalisation with a file of 77KB published 24 February 2026.

Oral evidence sessions reinforce this scrutiny agenda. A hearing on 25 February 2026 for the inquiry “The OBR: 15 years on” featured former Office for Budget Responsibility chairs Richard Hughes and Sir Robert Chote, with a transcript available as a 211KB file published 26 February 2026. Earlier sessions on 11 February 2026 examined the work of HM Treasury, taking evidence from senior officials including permanent secretaries and leaders of the debt management office, recorded in 618KB files published 12 February 2026, and a separate 11 February 2026 session explored business rates policy with witnesses including an exchequer secretary and a director of business and international tax, captured in 215KB files published 11 February 2026. Written evidence for the OBR inquiry includes submissions from academics and the Institute for Public Policy Research, with individual documents ranging from 24KB to 365KB and all published on 24 February 2026.

Beyond headline inquiries, the committee maintains a suite of supporting publication types that document its internal processes and external engagement. The government has undertaken to respond to most committee reports within two months, and there are 11 published government responses recorded. Formal minutes for committee meetings are catalogued with 19 published entries, scrutiny evidence related to legislative work also shows 19 published documents, and attendance statistics for meetings are available across 12 published items. Detailed financial oversight is supported by 106 published estimate memoranda that accompany government estimates, while public engagement is reflected in 3 published engagement documents related to forums, surveys or roundtable events and 52 published items of older evidence transferred from archives. The committee’s portfolio is completed by 19 published other documents and an archive of pre 2010 publications, as well as clear contact channels for public and media enquiries via email and telephone.

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