David Davis in the running to chair Treasury Select Committee?

A curious rumour reaches my ear: that David Davis, former shadow home affairs secretary, could have his eye on an altogether different prize – chairmanship of the Treasury Select Committee.

Davis is about to chair a body called the Future of Banking Commission, set up to report to the next chancellor on how to produce a “socially useful” financial sector. It’s a far cry from his last beat of cops and robbers.

Certainly the next chair of the TSC will be a Tory. The most obvious candidate is the always impressive Michael Fallon, the current deputy chair.

The conventional wisdom is that Davis may want to return to the frontline of politics, if David Cameron can forgive him for the bizarre way in which he flounced out of his former job.

But I think the TSC rumour may have legs. Davis does have experience of finance having been chairman of the Public Accounts Committee for some time.

And if that’s not proof enough: He was spotted earlier this week reading a book by Joseph Stiglitz.

UPDATE

Davis tells me: “Not in a million years”. So that’s that then.

(We do promise the latest ‘news and gossip’ from Westminster….)

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Jim Pickard joined the lobby team in January 2008. He has been at the Financial Times since 1999 as a regional correspondent, assistant UK news editor and property correspondent.

Kiran Stacey is an FT political correspondent, having joined the lobby in 2011. He started at the FT as a graduate trainee in 2008, working on desks including UK companies and US equity markets before taking over the FT's Energy Source blog.

Contributors

Elizabeth Rigby, the FT's chief political correspondent, joined the lobby team in September 2010. Elizabeth has worked at the FT for more than a decade and was most recently its consumer industries editor.

Helen Warrell is the FT's UK reporter, covering home affairs, crime and policing. She joined the FT in 2008 and has spent time as a reporter in the Brussels bureau and more recently, editing the paper's Asia coverage on the world news desk.

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