Former business secretary Greg Clark has put himself forward to replace Nicky Morgan as chair of the Treasury Select Committee.

As the race to take one of parliament’s top jobs heats up, Greg Clark and former businessman-turned-MP Kevin Hollinrake both stated they were keen to replace Morgan.

Former chair, Nicky Morgan, stepped down after being appointed culture secretary by new Prime Minister Boris Johnson.

Clark was recently relieved from his position in Johnson’s cabinet reshuffle, but has said he would look into the impact on the economy of Johnson’s Brexit policies.

Speaking to the Financial Times, Clark added: “We will need to be very robust. The job will require a certain independent mindedness. I think I am on the record as having displayed that.”

Usually the chair of the Treasury Committee is a member of the ruling party and is responsible for scrutinising the Treasury and grilling City figures.

On the other hand, Hollinrake claimed he would target Lloyds chief executive Antonio Horta-Osorio and Financial Conduct Authority (FCA) head Andrew Bailey after he accused them of mistreating HBOS whistleblower Sally Masterton, when speaking to the Mail on Sunday.

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