Gordon Brown/Timelines
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Parliamentary Career
Opposition
1983 Elected Member of Parliament for Dunfermline East.
1967 Appointed Shadow Chief Secretary to the Treasury
1989 Appointed Shadow Secretary of State for Trade and Industry
1992 Appointed Shadow Chancellor
Chancellor of the Exchequer
1997-98 Constitutional innovations.
- Independence for the Bank of England
- Five tests for Euro membership
- Code for Fiscal Stability
- Pre-budget reports
1997-2000 Fiscal contraction
2000-2007 Public sector investment and fiscal expansion
2005 African loan offer
Prime Minister
2007-2009 Financial Crisis
2010 Northern Ireland agreement and General Election
- Fiscal Responsibility Act[1] - 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.