David Ruffley, MP for Bury St Edmunds, was elected overwhelmingly by his fellow Conservative MPs in the House of Commons to serve on the Treasury Select Committee. In the election David beat off competition from MPs from Wolverhampton, Esher, and Lincoln for membership of the Committee. David's election by MPs was confirmed in a House of Commons vote tonight.

Commenting after his election, David said 'It is a huge honour to be elected by my fellow Conservative Members of Parliament in open competition- in the old days it was done by simple appointment and 'who you knew'. I stood on my record based on three years as Ken Clarke's Treasury Adviser when he was Chancellor of the Exchequer, my challenging questions to Gordon Brown during his spend thrift days as Chancellor, and my service on the front bench as Treasury Whip and Shadow Pensions Minister in the last Parliament.'

'This is the most serious Select Committee in the House of Commons and the House of Lords. In the next four years, we will be scrutinising the Chancellor's deficit reduction, tax levels, the radical reform of our broken banking system and how to create conditions for a thriving small business sector. I will not be pulling any punches when we have Ministers, the Governor of the Bank of England or City big wigs in front of us in our twice weekly hearings.'