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Concept
Gordon Brown
Summary
James Gordon Brown (born 20 February 1951) is a Scottish 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, following boundary changes, Kirkcaldy and Cowdenbeath from 2005 to 2015. Brown is the most recent Labour Party politician as well as the most recent Scottish politician to hold the office of prime minister.
A doctoral graduate, Brown studied history at the University of Edinburgh, where he was elected Rector in 1972. He spent his early career working as both a lecturer at a further education college and a television journalist. Brown was elected to the House of Commons in 1983 as the MP for Dunfermline East, later becoming the MP for Kirkcaldy and Cowdenbeath in 2005. He joined the Shadow Cabinet in 1989 as Shadow Secretary of State for Trade, and was later promoted to become Shadow Chancellor of the Exchequer in 1992. Following Labour's victory in the 1997 general election, its largest landslide general election victory in history, Brown was appointed as Chancellor of the Exchequer, becoming the longest-serving holder of that office 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 powers to the Bank of England, by a wide extension of the powers of the Treasury to cover much domestic policy and by transferring responsibility for banking supervision to the Financial Services Authority. Brown presided over the longest period of sustained economic growth in British history. He outlined five economic tests, which resisted the UK adopting the euro currency. Controversial moves included the abolition of advance corporation tax (ACT) relief in his first budget, the sale of UK gold reserves from 1999 to 2002, and the removal in his final budget of the 10% starting rate of personal income tax which he had introduced in 1999.
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