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Gordon Brown

James Gordon Brown HonFRSE (born 20 February 1951) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. He previously served as Chancellor of the Exchequer under Tony Blair from 1997 to 2007. He was Member of Parliament (MP) for Dunfermline East from 1983 to 2005, and Kirkcaldy and Cowdenbeath from 2005 to 2015. Brown is the most recent Labour Party prime minister and the most recent not to be from England.

A doctoral graduate, Brown studied history at the University of Edinburgh. He spent his early career as a lecturer at a further education college and television journalist. Brown was elected to the House of Commons at the 1983 general election as the MP for Dunfermline East. He joined the Shadow Cabinet in 1989 as Shadow Secretary of State for Trade, and was promoted to Shadow Chancellor of the Exchequer in 1992.

Following Labour's victory in the 1997 general election, Brown was appointed as Chancellor, becoming the longest-serving in modern history. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy architecture, transferring interest rate setting to the Bank of England, extension of powers of the Treasury to cover much domestic policy and transferring banking supervision to the Financial Services Authority. Brown presided over the longest period of economic growth in British history. He outlined five economic tests, which resisted the UK adopting the euro. Controversial moves included abolition of advance corporation tax (ACT) relief in his first budget, sale of UK gold reserves from 1999 to 2002, and removal in his final budget of the 10% starting rate of income tax which he had introduced in 1999. Brown had high approval ratings and a poll of political scientists rated him the most successful chancellor in terms of economic stability, working independently from the prime minister and leaving a lasting legacy on the British economy.

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