Wimbledon MP, Stephen Hammond has nominated himself to be Chairman of the Treasury Select Committee.

The committee is used to analyse and comment on the economic, financial and social ramifications of any proposed outcomes of negotiations.

He said: "The Committee’s work will obviously include the normal scrutiny of the Chancellor, the Treasury and the Bank of England. However, I am keen to ensure the Committee considers undertaking enquiries of interest submitted by any Member of the House, and I have already received suggestions for work on the barriers to competition in personal banking and the economic geography of infrastructure."

Having previously served as a member of the committee, Hammond has also worked in financial markets for 20 years.