Gordon Brown/Timelines: Difference between revisions

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===Chancellor of the Exchequer===
===Chancellor of the Exchequer===
====1997-98 Constitutional innovations.====
====Constitutional innovations1997-98.====
* Independence for the Bank of England
* Independence for the Bank of England
* Five tests for Euro membership
* Five tests for Euro membership
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* Pre-budget reports
* Pre-budget reports


====1997-2000 Fiscal contraction====
====Fiscal contraction 1997-2000 ====
*  the [[budget balance]] changed from a deficit of 2.4 per cent of [[Gross Domestic Product|national income]] in 1996-7 to a surplus of 2.4 per cent in 2000-01, and the [[national  debt]] fell from 42.5% of  in 1996–97 to 30.7% of national income in 2000–01<ref name="ifs">[http://www.ifs.org.uk/bns/bn93.pdf Robert Chote, Rowena Crawford, Carl Emmerson and Gemma Tetlow: ''The public finances: 1997 to 2010'', Institute of Fiscal Studies, 2010]</ref>
*  the [[budget balance]] changed from a deficit of 2.4 per cent of [[Gross Domestic Product|national income]] in 1996-7 to a surplus of 2.4 per cent in 2000-01, and the [[national  debt]] fell from 42.5% of  in 1996–97 to 30.7% of national income in 2000–01<ref name="ifs">[http://www.ifs.org.uk/bns/bn93.pdf Robert Chote, Rowena Crawford, Carl Emmerson and Gemma Tetlow: ''The public finances: 1997 to 2010'', Institute of Fiscal Studies, 2010]</ref>
====2000-2007 Public sector investment and fiscal expansion====
====Public sector investment and fiscal expansion2000-2007 ====
* increased investment in health and education
* increased investment in health and education
* the current budget balance moved from a surplus of 2.4 per cengt of national income in 2000–01 to a deficit of 0.3 per cent of national income by 2007–08 and the national debt rose to  36.5 per cent of national income in 2007–08.<ref name="ifs"/>
* the current budget balance moved from a surplus of 2.4 per cengt of national income in 2000–01 to a deficit of 0.3 per cent of national income by 2007–08 and the national debt rose to  36.5 per cent of national income in 2007–08.<ref name="ifs"/>
====2005  African loan offer====
====International activities 1999-2007====  
* Chair of the [[International Monetary and Finance Committee]] 1999-2007


===Prime Minister===
===Prime Minister===

Revision as of 11:10, 19 May 2010

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A timeline (or several) relating to Gordon Brown.

Parliamentary Career

Opposition

1983 Elected Member of Parliament for Dunfermline East as a member of the Labour Party under the leadership of Neil Kinnock.

1967 Appointed Shadow Chief Secretary to the Treasury

1989 Appointed Shadow Secretary of State for Trade and Industry

1992 Appointed Shadow Chancellor

John Smith replaces Neil Kinnock as Leader of the Opposition.

1994 Labour Party leadership election following the death of John Smith

Gordon Brown agrees not to stand against Tony Blair - who is then elected leader

Chancellor of the Exchequer

Constitutional innovations1997-98.

  • Independence for the Bank of England
  • Five tests for Euro membership
  • Code for Fiscal Stability
  • Pre-budget reports

Fiscal contraction 1997-2000

  • the budget balance changed from a deficit of 2.4 per cent of national income in 1996-7 to a surplus of 2.4 per cent in 2000-01, and the national debt fell from 42.5% of in 1996–97 to 30.7% of national income in 2000–01[1]

Public sector investment and fiscal expansion2000-2007

  • increased investment in health and education
  • the current budget balance moved from a surplus of 2.4 per cengt of national income in 2000–01 to a deficit of 0.3 per cent of national income by 2007–08 and the national debt rose to 36.5 per cent of national income in 2007–08.[1]

International activities 1999-2007

Prime Minister

2007-2009 Financial Crisis

2010 Northern Ireland agreement

2010 Deficit reduction plans

  • Fiscal Responsibility Act[2] - imposes a duty on the Treasury to ensure that by the financial year ending 2014 public sector net borrowing as a percentage of GDP is at least halved from its level for the financial year ending 2010, and to make continuing reductions thereafter.

2010 General election

Opposition

Personal history

1951 Born

1972 Rector, Edinburgh University

1976: Politics lecturer, Glasgow College of Technology

1980: Television journalist, STV current affairs

References