Gordon Brown is a British politician who has a net worth of $15 million.
Gordon Brown is a British politician who served as Prime Minister of the United Kingdom and leader of the Labor Party from 2007 to 2010. He previously served as Chancellor of the Exchequer under Tony Blair from 1997 until 2007.
He was MP for Dunfermline East from 1983 to 2005 and, following boundary changes, for Kirkcaldy and Cowdenbeath from 2005 to 2015. Gordon Brown was both the most recent Labor Party politician and Scottish to hold the position of Prime Minister.
With a doctorate, Gordon Brown studied history at the University of Edinburgh, where he was elected chancellor in 1972. He spent his early years as a lecturer at a higher education institution and as a television journalist. Brown was elected to the House of Commons in 1983 as MP for Dunfermline East, then became MP for Kirkcaldy and Cowdenbeath in 2005.
He joined the shadow cabinet in 1989 as shadow foreign secretary in charge of trade and was later promoted to shadow Foreign Secretary for Commerce and Chancellor of the Exchequer in 1992. Following the Labor Party’s victory in the 1997 general election, the largest general election victory in history, Gordon Brown was appointed Chancellor of the Exchequer, becoming the longest-serving chancellor in modern history.
Gordon Brown’s time as chancellor was marked by a major reform of the structure of Britain’s fiscal and monetary policy, transferring the power to set interest rates to the Bank of England, by expanding the powers of the Treasury, and the government to govern much of domestic policy and by transferring responsibility for banking supervision to the Financial Services Agency.
Gordon Brown presided over the longest period of sustained economic growth in British history. He outlined five economic challenges preventing the UK from adopting the euro. Controversial measures included the scrapping of corporate advance tax (ACT) relief in his first budget the sale of UK gold reserves between 1999 and 2002 and the removal of the 10% starting rate for personal income in his final budget.
Following Blair’s resignation in 2007, Gordon Brown was elected as his replacement, becoming Labor Party leader on 24 June and appointed Prime Minister three days later, on 27 June, the party continued to use the New Labor campaign brand, although Brown’s running style differed from Blair’s. Brown’s government launched bailouts in 2008 and 2009 to help banks survive the global financial crisis, which led to a sharp rise in national debt.
The government holds majority shares in Northern Rock and Royal Bank of Scotland, both of which have fallen into severe financial difficulties and injected large amounts of public money into a number of other banks, including Lloyds Banking Group, formed from Lloyds TSB’s acquisition of HBOS in 2014, 2007, and 2009. In 2008, the Gordon Brown government passed the world’s first climate change legislation and introduced the Equality Act 2010.
Despite an initial rise in opinion polls after Gordon Brown became Prime Minister, Labour’s popularity fell at the start of the Great Recession, leading to poor results in local and regional elections. In the 2010 general election, the Labor Party lost 91 seats, its largest loss in a general election since 1931, leading to a hung parliament in which the Party Conservatives won the most seats.
Gordon Brown remained Prime Minister while the Liberal Democrats began separate negotiations with Labor and the Conservatives to form a coalition government. After the Conservative Party formed a coalition government with the Liberal Democrats, Brown was replaced as Prime Minister by Conservative Party leader David Cameron and Labor Party leader Ed Miliband.
After leaving office, Gordon Brown returned to the backbenches, continuing to serve as MP for Kirkcaldy and Cowdenbeath until relinquishing his seat in 2015, since then made occasional political interventions and also published a number of books. Brown played a leading role in the campaign to maintain the union between Scotland and the UK in the 2014 Scottish independence referendum, and in 2022 he wrote a report on devolution of powers to the UK. Since leaving office, Brown has served as United Nations special envoy for global education and ambassador for global health financing for the World Health Organization.
As prime minister, Gordon Brown had high approval ratings and a poll of political scientists ranked him as the prime minister with the best record in terms of economic stability, working independently of the prime minister and leaving a lasting legacy on the British economy. During the first four months of his term, Gordon Brown held a significant lead in the polls, but after failing to call an early election in 2007, his popularity declined significantly during the remainder of the term. His prime ministership is generally considered average in historical and public opinion rankings of British prime ministers.
How Much is Gordon Brown Worth?
Gordon Brown is a British politician who has a net worth of $15 million.
How much does Gordon Brown earn per month?
Gordon Brown reportedly earns an estimated salary of $2 million as a state official
Is Gordon Brown a millionaire?
Yes, Gordon Brown is a millionaire with a net worth of $15 million
What Car does Gordon Brown drives?
The type of car Gordon Brown drives isn’t known
Does Gordon Brown own any properties?
There is no information regarding the properties of Gordon Brown
How did Gordon Brown make his money?
Gordon Brown made his money through his political career and other businesses he might have ventured into.
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