Posted: September 16th, 2015
Rt Hon John McFall, Lord McFall of Alcluith was made a Peer in the 2010 Dissolution Honours List, following 23 years’ service as the Member of Parliament for Dumbarton and later West Dunbartonshire.
He is a member of the House of Lords Economic Affairs committee and contributes to the debate on the future of the UK economy, and the need for new investment in jobs and growth; the future of banking after the crisis; the future of pensions and retirement saving; and making banks work for ordinary people. He also contributes on issues affecting Scotland and on and international aid and development.
Recently, Lord McFall was Chairman of the Workplace Retirement Income Commission, where he raised the alarm over the millions of UK workers who could face a life of poverty in retirement. The Commission’s report called for a better pensions deal for people working in the private sector.
He is best known for his time as Chairman of the House of Commons Treasury Committee, a position which he held between 2001 and 2010. Under this chairmanship, the Treasury Committee gained a high profile by taking on prominent issues such as globalisation, the economics of climate change and the private equity industry.
Between 2007 and 2010, John McFall and the Treasury Committee found themselves at the eye of the financial and economic storm.
Before his time on the Treasury Committee, Lord McFall held several positions on Government and Opposition front benches, including Northern Ireland Office Minister and Opposition Spokesperson for Scottish Affairs.
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