UK Prime Minister Gordon Brown Will Likely Not Depart from Blair’s Labour Policies
On June 27, Tony Blair decided to step down from his role as Prime Minister and leader of Britain's Labour Party and to allow his replacement, Gordon Brown, to take charge. Previously, Brown, the son of a Church of Scotland preacher, had supervised a period of financial prosperity in Britain, overseeing low inflation, low unemployment, and low interest rates as the Chancellor of the Exchequer, the equivalent to Secretary of the Treasury in the United States.