Chancellorship of Gordon Brown

Who is Chancellorship of Gordon Brown?

Gordon Brown served as a British chancellor of the exchequer from 2 May 1997, when the Labour Party returned to power for the first time in 18 years, to 27 June 2007, when he became prime minister. It was the second-longest continuous period of office of any chancellor, surpassed only by Nicholas Vansittart two centuries before. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy architecture, by a wide extension of the powers of the Treasury to cover much domestic policy, and by largely benign economic conditions.