Ways and Means Committee

A ways and means committee is a government body that is charged with reviewing and making recommendations for government budgets. The term "ways and means" originated with the English Parliament (later the British Parliament and UK Parliament) and refers to the provision of revenue to meet national expenditure requirements and to implement the objectives of economic policy. Ways and means are principally provided by the imposition of taxation. Because the raising of revenue is vital to carrying out governmental operations, such a committee is literally tasked with finding the ways and means with which to raise that revenue.

In Britain, budget resolutions, upon which the Finance Bill is based, are in fact Ways and Means resolutions. Ways and Means resolutions are also used to make provision for an increase or decrease in national debt (through the Consolidated Fund or the National Loans Fund).

The Committee of Ways and Means, in effect between 1641 and 1967, was the body responsible for proposing changes in taxation to Government. Any Minister could make proposals to the committee. The Chairman of Ways and Means, an appointed role, presided over the Committee.

The Committee of Ways and Means was abolished in 1967 and the responsibility for all fiscal matters, including taxation, now rests with the Chancellor of the Exchequer. However, the position of Chairman of Ways and Means still exists since the Chairman may take the place of the Speaker in that individual's absence. Traditionally, the title of Chairman of Ways and Means is conferred on the Deputy Speaker of the House. It was formerly an appointed position resulting from a motion tabled at the beginning of each Parliament by the Leader of the House. Following the 6 May 2010 General Election, the Chairman of Ways and Means and his two deputies were elected by ballot. The Chairman of Ways and Means has two deputies: the First and Second Deputy Chairman of Ways and Means; thus there are three Deputy Speakers who may take the place of the Speaker.

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