
.
.Gordon
BROWN
James Gordon Brown
(born 20 February 1951), Prime Minister of the United Kingdom and
Leader of the Labour Party. Brown became Prime Minister in June
2007 (to may 2010), after the resignation of Tony Blair and three days
after becoming leader of the governing Labour Party.
Immediately
before this he had served as Chancellor of the Exchequer in the
Labour Government from 1997 to 2007 under
Tony Blair.
Brown has a PhD in History from
the University of Edinburgh and spent his early career working as
a television journalist. He has been a Member of Parliament since
1983; first for Dunfermline East and since 2005 for Kirkcaldy and
Cowdenbeath.
As Prime Minister, he also holds the offices of First
Lord of the Treasury and the Minister for the Civil Service.
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.
Controversial moves included the abolition of
advance corporation tax (ACT) relief in his first budget,
and the removal in his final budget of the 10 per cent "starting
rate" of personal income tax which he had introduced in 1999.
After initial rises in opinion polls,
Brown's time as Prime Minister has seen a general fall in Labour's
approval ratings and the Party's worst local election results in
40 years.
Despite public and parliamentary pressure on his leadership, he
remains leader of the Labour Party.
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