The next chair of the Treasury Select Committee is chosen today — here are the 6 candidates for one of the most important jobs in parliament

The contenders for the Treasury Select Committee chair, clockwise from top left; Richard Bacon, Nicky Morgan, Stephen Hammond, Charlie Elphicke, John Penrose, and Jacob Rees-Mogg.PA Images

LONDON —Members of parliament will vote to elect new chairs for the various committees that sit in the House of Commons on Wednesday.

The committees, which cover everything from transport to human rights, are tasked with scrutinising both the government and senior figures from the industries the committees focus on. They play an important role win UK politics.

A large number of committees have already seen their chairpersons returned unopposed, including the crucial Brexit Committee, which is headed by former Labour Shadow Foreign Secretary Hillary Benn.

However, numerous committees are looking for a new chairperson. Perhaps the most important appointment happening is at the Treasury Select Committee. The TSC, as it is known, scrutinises Chancellor Philip Hammond, the Bank of England, and the wider financial services sector in the UK.

The TSC needs a new chair after its long-time leader, Tory backbencher Andrew Tyrie, stood down at the 2017 general election. Tyrie was head of the committee for seven years, during which time he gained a reputation for his ferocious questioning of financial bigwigs.

During one notable hearing in September 2016, Tyrie accused Carneyof holding a “gun to the head” of Chancellor Philip Hammond. Tyrie was referring to Carney asking the chancellor to grant the Bank of England an indemnity approving of the term funding scheme introduced by the bank soon after the Brexit referendum. He argued that Hammond had virtually no choice but to grant the indemnity.

Tyrie was also a major player in the sudden resignation of BoE deputy governor Charlotte Hogg in March. She resigned shortly after Tyrie grilled her about a failure to disclose the fact that her brother held a job with Barclays, a possible conflict of interest.

However, now that Tyrie is no longer an MP, six Conservative MPs are vying to take the helm. Each are trying to convince fellow MPs to vote for them. Here are the runners and riders:

Results are expected late on Wednesday afternoon.