Gordon Brown’s achievements

Harriet Harman on the News at 10, May 11th, asked the viewers without any apparent irony to remember the “great things that Gordon Brown had achieved while in office”.  We recall:

  • The largest deficit by far in our history requiring £1 billion of borrowing every two days
  • The largest goods trading deficit (£90 billion) in our history
  • The sale of our gold in 1998 at about 240$ per oz (today’s price 1,200$ per oz).
  • The sale in 2006 of Westinghouse, the nuclear power station designer, to the Japanese for £2.9 billion (worth double that today)
  • The removal of supervision of the banks from the Bank of England (founded 1694) and passing supervision to the newly formed and inexperienced Financial Services Authority just in time for the 2008-10 banking crisis.
  • Steady fall since 2003 in the productivity of the NHS
  • Devaluation of the pound sterling by around 30% over Gordon Brown’s period as Chancellor and Prime Minister.

Top| Home

Leave a Reply

Top| Home