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Gordon Brown
Prime Minister of the United Kingdom
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James Gordon Brown is a British Labour politician. He is currently the Prime Minister of the United Kingdom. Before this, he 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 TV journalist. He has been a Member of Parliament since 1983. 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 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. 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. During the summer of 2008 speculation arose of a potential challenge to Brown's leadership, but the threat of a contest receded during October following the Labour Party Conference and the emergence of the financial crisis.go.ph
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