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Old Sunday, September 07, 2008
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Gordon Brown 2007 Incumbent



James Gordon Brown (born 20 February 1951) is the Prime Minister of the United Kingdom of Great Britain and Northern Ireland. He took office on 27 June 2007, three days after becoming leader of the Labour Party. Prior to this he served as the Chancellor of the Exchequer under Tony Blair from 1997 to 2007, becoming the United Kingdom's longest serving Chancellor since Nicholas Vansittart in the early 19th century.

Brown has a PhD in history from the University of Edinburgh and spent his early career working as a TV journalist.[2][3] He has been a Member of Parliament since 1983; firstly for Dunfermline East and since 2005 for Kirkcaldy and Cowdenbeath.As Prime Minister, he also holds the positions 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, transfering 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 largely benign economic conditions. His most controversial moves were the abolition of Advanced Corporation Tax (ACT) relief in his first budget - a move that received criticism for the effect it had on pension funds - and removal of the 10p tax rate in his final 2007 budget.

His time as PM has been of mixed fortune, facing repercussions of the credit crunch and the associated nationalisation of Northern Rock, the 10p tax rate row, rising oil and petrol prices, and increased inflation. Brown has also suffered as a result of investigations into improper party donation accusations, a costly political battle over 42 day detention and heavy by-election defeats, notably Glasgow East. Despite an initial increase in personal and Labour popularity following his appointment as Leader and PM, Brown has presided over a dramatic decline in poll approval ratings personally and for the party. Speculation has arisen of a potential challenge to Brown's leadership.

Source: Wikipedia
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