Knowledge

1999–2002 sale of United Kingdom gold reserves

Source 📝

956: 340: 81: 100: 334: 948: 2586: 1258: 25: 2596: 462:
in September 1999, limiting gold sales to 400 tonnes (13,000,000 ozt) per year for 5 years. This triggered a sharp rise in the price of gold, from around US$ 260 per ounce to around $ 330 per ounce in two weeks, before the price fell away again into 2000 and early 2001. The Central Bank Gold
491:
It has also been argued that the sale of the gold reserves was a positive decision in that gold had been historically under-performing and was paying no dividends to the Exchequer and the sale enabled the UK Government to pay off a substantial part of the national debt and keep repayment interest
436:. However, many critics believe that the decision to invest 40% of the gold sale proceeds into euro denominated assets was to show public support for the new euro currency. The gold sales funded a like-for-like purchase of financial instruments in different currencies. Studies performed by 471:
Brown's actions have attracted considerable criticism, particularly concerning his timing, his decision to announce the move in advance, and the use of an auction. The decision to sell gold at the low point in the price cycle has been likened, with hindsight, by
447:, gold reached a low point of US$ 252.80 on 20 July. The UK eventually sold about 395 tonnes (12,700,000 ozt) of gold over 17 auctions from July 1999 to March 2002, at an average price of about US$ 275 per ounce, raising approximately US$ 3.5 billion. 1598: 2097: 1603: 702: 2526: 1751: 1347: 2556: 2367: 1322: 1294: 416:
in a series of auctions. This amounted to 395 tonnes of gold sold for a total of $ 3.5 billion. The gold price increased at an average of 8% annually in the 25 years from 1999-2024.
268: 936: 136: 1610: 2488: 2660: 2468: 432:(cf. the price in 1980: $ 850/oz) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too 2620: 2439: 1070: 1065: 1060: 1055: 1050: 364: 2414: 931: 955: 2451: 2344: 2434: 1287: 2131: 1377: 997: 926: 224: 759: 674: 443:
The advance notice of the substantial sales drove the price of gold down by 10% by the time of the first auction on 6 July 1999. With many gold traders
2409: 2279: 1901: 1045: 1040: 1035: 1030: 1025: 2461: 2404: 2232: 1721: 1641: 1626: 1009: 889: 183: 1583: 1578: 1429: 254: 249: 569:
The Gold Bull Market Remembers How Gordon Brown Sold Half of Britains Reserves at the Lowest Price, The Market Oracle, Clive Maund, 1 April 2007
2599: 2589: 2141: 2136: 2126: 2111: 2046: 1543: 1478: 1280: 815: 530: 45: 2498: 2493: 2419: 1694: 284: 2635: 2394: 2311: 1003: 835: 273: 2655: 2630: 2483: 2399: 2252: 378: 2665: 2645: 2429: 2080: 2068: 2024: 1538: 622: 357: 2640: 2541: 2444: 2389: 2168: 2151: 2121: 1886: 1736: 1399: 1394: 906: 131: 67: 553: 2377: 2156: 1436: 481: 2531: 2478: 2339: 2284: 2116: 2019: 1498: 1446: 1372: 1225: 841: 34: 643: 589: 239: 2551: 2456: 2362: 2215: 2063: 2051: 1972: 1458: 869: 158: 571: 2473: 2382: 2321: 2247: 2034: 2014: 1793: 1317: 1303: 350: 2536: 2357: 2220: 2198: 2178: 2107: 2029: 1906: 1896: 1891: 1563: 1528: 1384: 1095: 879: 604: 459: 303: 173: 703:
Gold: Does Gordon Brown's regret selling half of Britains' gold reserves 10 years ago?, The Daily Telegraph, 8 May 2009
2675: 2372: 2352: 2193: 2056: 1838: 1741: 1451: 1424: 1404: 1178: 916: 896: 847: 409: 219: 2571: 2257: 2183: 1389: 808: 163: 2625: 2203: 2041: 1977: 1967: 1962: 1573: 80: 2680: 1193: 1087: 911: 296: 1468: 450:
To deal with this and other prospective sales of gold reserves, a consortium of central banks - including the
424:
The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including
1876: 1463: 1414: 1185: 1162: 263: 725: 2670: 2561: 921: 38: 2650: 2316: 2306: 2073: 1921: 1788: 1766: 1699: 1503: 1409: 1261: 801: 504: 451: 1513: 864: 147: 99: 2296: 2289: 1944: 1881: 1853: 1828: 1823: 1798: 1756: 1558: 1508: 1337: 1146: 1103: 786:"Gold Demand Trends Q4 2013", "Top 40 reported official gold holdings" is on page 18 of the pdf file. 433: 310: 785: 539: 1916: 1871: 1863: 1808: 1716: 1651: 1342: 874: 333: 168: 739: 440:
had shown that the overall volatility of the UK's reserves could be reduced by 20% from the sale.
1992: 1982: 1949: 1848: 1818: 1711: 1686: 1646: 1119: 324: 495:
As of December 2013, the UK retained a gold reserve of 310.3 tonnes (9,980,000 ozt).
1761: 1731: 2546: 1987: 1936: 1746: 1726: 1219: 1201: 1111: 317: 234: 87:, the Chancellor of the Exchequer at the time, was principally responsible for the decision. 619: 2242: 2163: 1661: 1568: 1533: 1523: 1493: 1367: 626: 593: 575: 477: 455: 2269: 1813: 1553: 1441: 1332: 1327: 1138: 901: 229: 620:
China & IMF Gold Sales; The Real Story, Warren Bevan, gold-eagle.com, 23 June 2009
2614: 2146: 1926: 1704: 1656: 1636: 1548: 1247: 587:
The Significance of the IMF-RBI Gold Sales, Tim Iacono, GoldSeek.com, 5 November 2009
473: 444: 2264: 1911: 1783: 947: 884: 824: 726:"Brown's badly-timed sales of gold reserves cost Britain more than Black Wednesday" 586: 413: 405: 178: 114: 84: 49: 1955: 1803: 1778: 1771: 1592: 1419: 1272: 652: 568: 485: 437: 390: 382: 656: 1631: 1240: 976: 429: 428:, was announced on 7 May 1999, when the price of gold stood at US$ 282.40 per 201: 1518: 1170: 981: 206: 713: 2274: 971: 760:"Brown's golden shot was not the miss his critics would have you believe" 675:"How many ounces of gold does it take to buy an average house in the UK?" 196: 2566: 244: 1588: 2301: 2173: 79: 1154: 425: 393:. The period itself has been dubbed by some commentators as the 386: 1276: 797: 793: 389:
prices were at their lowest in 20 years, following an extended
18: 531:"Goldfinger Brown's £2 billion blunder in the bullion market" 946: 488:
has estimated cost the UK taxpayer around £3.3 billion.
16:
Sale of half of the UK's gold reserves between 1999-2002
412:, who decided to sell approximately half of the UK's 2515: 2332: 2231: 2096: 2089: 2005: 1935: 1862: 1837: 1685: 1674: 1619: 1486: 1477: 1356: 1310: 1212: 1130: 1079: 1018: 990: 964: 857: 758: 645:Review of the sale of part of the UK gold reserves 538: 2280:Glasgow International Financial Services District 740:"Britain was right to sell off its pile of gold" 529:Watt, Holly; Winnett, Robert (15 April 2007). 480:, when the UK was forced to withdraw from the 1288: 809: 358: 8: 385:over the period between 1999 and 2002, when 698: 696: 694: 673:updated, Dominic Frisby last (2022-04-12). 2093: 1682: 1483: 1295: 1281: 1273: 927:Post neoclassical endogenous growth theory 816: 802: 794: 605:In 2008, Gold Should Glitter, James Turk, 365: 351: 90: 48:. Please do not remove this message until 68:Learn how and when to remove this message 2661:Political scandals in the United Kingdom 463:Agreement was renewed in 2004 and 2009. 44:Relevant discussion may be found on the 1589:2020 Withdrawal from the European Union 1529:Second Industrial Revolution 1860s–1914 524: 522: 520: 516: 93: 2621:Economic history of the United Kingdom 638: 636: 634: 285:2014 Scottish independence referendum 7: 2595: 2312:London Platinum and Palladium Market 836:Prime Minister of the United Kingdom 476:to the mistakes in 1992 that led to 215:Prime Minister of the United Kingdom 890:Sale of UK gold reserves, 1999–2002 184:Sale of UK gold reserves, 1999–2002 14: 2542:Confederation of British Industry 1737:Expansion plans for Milton Keynes 1400:Department for Business and Trade 1395:Competition and Markets Authority 2594: 2585: 2584: 1437:Office for Budget Responsibility 1257: 1256: 954: 482:European Exchange Rate Mechanism 338: 332: 137:MP for Kirkcaldy and Cowdenbeath 98: 23: 1373:Governor of the Bank of England 404:The period takes its name from 2552:Federation of Small Businesses 655:, October 2002, archived from 1: 2322:Alternative Investment Market 2302:London Interbank Offered Rate 2258:List of UK building societies 1304:Economy of the United Kingdom 492:rates down on the remainder. 2537:British Chambers of Commerce 2532:British Bankers' Association 880:Financial Services Authority 460:Washington Agreement on Gold 174:Financial Services Authority 2636:2000s in the United Kingdom 1425:Chancellor of the Exchequer 1405:Financial Conduct Authority 917:We not only saved the world 848:Chancellor of the Exchequer 757:Kamm, Oliver (5 May 2015). 410:Chancellor of the Exchequer 154:Chancellor of the Exchequer 50:conditions to do so are met 2697: 2656:Gold in the United Kingdom 2631:1999 in the United Kingdom 2572:UK Payments Administration 1524:New Imperialism 1830s–1945 1348:Government-owned companies 842:Leader of the Labour Party 458:- were pushed to sign the 240:2007–2008 financial crisis 2666:Economic policy in Europe 2646:2000s in economic history 2580: 1647:National champions policy 1642:Recessions and recoveries 1559:1979 Winter of Discontent 1494:1659–1849 Navigation Acts 1469:UK Trade & Investment 1378:Monetary Policy Committee 1235: 1096:Britain's Everyday Heroes 943: 937:Kirkcaldy and Cowdenbeath 831: 304:Britain's Everyday Heroes 280:Post–Prime Minister 2641:1999 in economic history 1584:2009 bank rescue package 1579:2008 bank rescue package 1544:1929–39 Great Depression 1415:HM Revenue & Customs 1323:Employee-owned companies 1088:Courage: Eight Portraits 1019:Shadow Cabinet elections 912:2010 Dissolution Honours 592:24 February 2014 at the 574:26 November 2010 at the 537:. London. Archived from 381:was a policy pursued by 297:Courage: Eight Portraits 225:2007 leadership election 107:This article is part of 1752:List of counties by GVA 1534:1873–79 Long Depression 1499:Agricultural Revolution 1464:UK Statistics Authority 1186:The Hunt for Tony Blair 1163:The Trial of Tony Blair 269:2009 European elections 264:Climate Change Act 2008 2562:Institute of Directors 2527:Business organisations 2452:Science and technology 2345:International students 2057:Working Time Directive 1430:Debt Management Office 951: 922:Not flash, just Gordon 554:The outlook for gold, 88: 2557:Industry trade groups 2317:London Stock Exchange 2307:London Metal Exchange 2074:Trades Union Congress 1767:East London Tech City 1611:Cost-of-living crisis 1549:1948–52 Marshall Plan 1504:Industrial Revolution 1158:(2001-2004 TV series) 1142:(1984-1996 TV series) 950: 714:Chart of gold 1968–99 625:12 March 2013 at the 505:Gold as an investment 452:European Central Bank 274:2010 general election 83: 2351:Entertainment & 1574:Late-2000s recession 1569:1992 Black Wednesday 1509:Financial Revolution 1338:FTSE Fledgling Index 1104:The Change We Choose 1010:Post-election events 311:The Change We Choose 245:Bank rescue packages 2047:Equal opportunities 1652:Economic liberalism 1554:1974 Three-Day Week 1539:1926 general strike 1343:FTSE SmallCap Index 875:Five economic tests 556:The Daily Telegraph 169:Five economic tests 37:of this article is 2676:Financial scandals 2462:Telecommunications 1627:Economic geography 1120:My Life, Our Times 1000:(Party leadership) 952: 728:. 5 November 2008. 558:, 19 December 2008 325:My Life, Our Times 89: 2608: 2607: 2511: 2510: 2290:Lloyd's of London 2001: 2000: 1973:Industrialisation 1887:Industrialisation 1670: 1669: 1599:COVID-19 pandemic 1519:1815–46 Corn Laws 1270: 1269: 907:Electoral history 375: 374: 143:Shadow Chancellor 132:Electoral history 124: 123: 78: 77: 70: 2688: 2626:Gold investments 2598: 2597: 2588: 2587: 2547:Co-operatives UK 2137:Hydroelectricity 2112:Renewable energy 2094: 1978:Renewable energy 1959: 1907:Renewable energy 1695:Atlantic Gateway 1683: 1514:Panic of 1796–97 1484: 1297: 1290: 1283: 1274: 1260: 1259: 1174:(2008 TV series) 1112:Beyond the Crash 959: 958: 932:Dunfermline East 865:Blair–Brown deal 818: 811: 804: 795: 788: 783: 777: 776: 774: 772: 762: 754: 748: 747: 736: 730: 729: 722: 716: 711: 705: 700: 689: 688: 686: 685: 670: 664: 663: 661: 650: 640: 629: 617: 611: 609:, February 2007. 602: 596: 584: 578: 566: 560: 551: 545: 544: 542: 535:The Sunday Times 526: 379:UK gold reserves 367: 360: 353: 342: 341: 336: 318:Beyond the Crash 235:Treaty of Lisbon 148:Blair–Brown deal 120: 119: 117: 110: 102: 95: 94: 91: 73: 66: 62: 59: 53: 27: 26: 19: 2696: 2695: 2691: 2690: 2689: 2687: 2686: 2685: 2681:Monetary policy 2611: 2610: 2609: 2604: 2576: 2519: 2517: 2507: 2415:Pharmaceuticals 2328: 2243:Baltic Exchange 2234: 2227: 2099: 2085: 2007: 1997: 1953: 1931: 1858: 1840: 1833: 1678: 1676: 1666: 1662:Nationalisation 1615: 1473: 1368:Bank of England 1360: 1358: 1352: 1306: 1301: 1271: 1266: 1253: 1248:David Cameron → 1231: 1208: 1126: 1075: 1014: 986: 960: 953: 945: 941: 853: 827: 822: 792: 791: 784: 780: 770: 768: 756: 755: 751: 744:Financial Times 738: 737: 733: 724: 723: 719: 712: 708: 701: 692: 683: 681: 672: 671: 667: 659: 648: 642: 641: 632: 627:Wayback Machine 618: 614: 603: 599: 594:Wayback Machine 585: 581: 576:Wayback Machine 567: 563: 552: 548: 543:on 11 May 2008. 528: 527: 518: 513: 501: 478:Black Wednesday 469: 456:Bank of England 422: 371: 339: 337: 330: 292: 289: 281: 278: 216: 213: 193: 190: 155: 152: 144: 141: 115: 113: 112: 111: 108: 106: 74: 63: 57: 54: 43: 28: 24: 17: 12: 11: 5: 2694: 2692: 2684: 2683: 2678: 2673: 2668: 2663: 2658: 2653: 2648: 2643: 2638: 2633: 2628: 2623: 2613: 2612: 2606: 2605: 2603: 2602: 2592: 2581: 2578: 2577: 2575: 2574: 2569: 2564: 2559: 2554: 2549: 2544: 2539: 2534: 2529: 2523: 2521: 2513: 2512: 2509: 2508: 2506: 2505: 2504: 2503: 2502: 2501: 2496: 2486: 2476: 2471: 2466: 2465: 2464: 2459: 2449: 2448: 2447: 2442: 2437: 2432: 2424: 2423: 2422: 2417: 2412: 2407: 2397: 2395:Legal services 2392: 2387: 2386: 2385: 2380: 2375: 2370: 2365: 2360: 2349: 2348: 2347: 2336: 2334: 2330: 2329: 2327: 2326: 2325: 2324: 2314: 2309: 2304: 2299: 2294: 2293: 2292: 2282: 2277: 2275:Euronext.liffe 2272: 2267: 2262: 2261: 2260: 2255: 2245: 2239: 2237: 2229: 2228: 2226: 2225: 2224: 2223: 2218: 2210: 2209: 2208: 2207: 2206: 2201: 2196: 2188: 2187: 2186: 2181: 2176: 2161: 2160: 2159: 2154: 2149: 2144: 2139: 2134: 2129: 2124: 2119: 2104: 2102: 2091: 2087: 2086: 2084: 2083: 2078: 2077: 2076: 2066: 2061: 2060: 2059: 2054: 2049: 2039: 2038: 2037: 2027: 2022: 2020:Businesspeople 2017: 2011: 2009: 2003: 2002: 1999: 1998: 1996: 1995: 1990: 1985: 1980: 1975: 1970: 1965: 1960: 1947: 1941: 1939: 1933: 1932: 1930: 1929: 1924: 1919: 1914: 1909: 1904: 1899: 1894: 1889: 1884: 1879: 1874: 1868: 1866: 1860: 1859: 1857: 1856: 1851: 1845: 1843: 1835: 1834: 1832: 1831: 1826: 1821: 1816: 1814:Thames Gateway 1811: 1806: 1801: 1796: 1791: 1786: 1781: 1776: 1775: 1774: 1769: 1759: 1754: 1749: 1744: 1739: 1734: 1729: 1724: 1719: 1714: 1709: 1708: 1707: 1697: 1691: 1689: 1680: 1672: 1671: 1668: 1667: 1665: 1664: 1659: 1654: 1649: 1644: 1639: 1634: 1629: 1623: 1621: 1617: 1616: 1614: 1613: 1608: 1607: 1606: 1596: 1586: 1581: 1576: 1571: 1566: 1561: 1556: 1551: 1546: 1541: 1536: 1531: 1526: 1521: 1516: 1511: 1506: 1501: 1496: 1490: 1488: 1481: 1475: 1474: 1472: 1471: 1466: 1461: 1456: 1455: 1454: 1449: 1442:Pound sterling 1439: 1434: 1433: 1432: 1427: 1417: 1412: 1407: 1402: 1397: 1392: 1387: 1382: 1381: 1380: 1375: 1364: 1362: 1354: 1353: 1351: 1350: 1345: 1340: 1335: 1333:FTSE 250 Index 1330: 1328:FTSE 100 Index 1325: 1320: 1314: 1312: 1308: 1307: 1302: 1300: 1299: 1292: 1285: 1277: 1268: 1267: 1265: 1264: 1252: 1251: 1244: 1236: 1233: 1232: 1230: 1229: 1223: 1216: 1214: 1210: 1209: 1207: 1206: 1198: 1190: 1182: 1179:Pinewood Derby 1175: 1167: 1159: 1151: 1143: 1139:Spitting Image 1134: 1132: 1128: 1127: 1125: 1124: 1116: 1108: 1100: 1092: 1083: 1081: 1077: 1076: 1074: 1073: 1068: 1063: 1058: 1053: 1048: 1043: 1038: 1033: 1028: 1022: 1020: 1016: 1015: 1013: 1012: 1007: 1001: 994: 992: 988: 987: 985: 984: 979: 974: 968: 966: 962: 961: 944: 942: 940: 939: 934: 929: 924: 919: 914: 909: 904: 902:Brown ministry 899: 894: 893: 892: 887: 882: 877: 870:Chancellorship 867: 861: 859: 855: 854: 852: 851: 845: 839: 832: 829: 828: 823: 821: 820: 813: 806: 798: 790: 789: 778: 749: 731: 717: 706: 690: 665: 630: 612: 597: 579: 561: 546: 515: 514: 512: 509: 508: 507: 500: 497: 468: 465: 421: 418: 399:Brown's Bottom 373: 372: 370: 369: 362: 355: 347: 344: 343: 331: 329: 328: 321: 314: 307: 300: 290: 288: 287: 279: 277: 276: 271: 266: 261: 260: 259: 258: 257: 252: 237: 232: 227: 222: 214: 212: 211: 210: 209: 204: 191: 189: 188: 187: 186: 181: 176: 171: 166: 159:Chancellorship 153: 151: 150: 142: 140: 139: 134: 126: 125: 122: 121: 109:a series about 105: 103: 76: 75: 31: 29: 22: 15: 13: 10: 9: 6: 4: 3: 2: 2693: 2682: 2679: 2677: 2674: 2672: 2671:1999 scandals 2669: 2667: 2664: 2662: 2659: 2657: 2654: 2652: 2649: 2647: 2644: 2642: 2639: 2637: 2634: 2632: 2629: 2627: 2624: 2622: 2619: 2618: 2616: 2601: 2593: 2591: 2583: 2582: 2579: 2573: 2570: 2568: 2565: 2563: 2560: 2558: 2555: 2553: 2550: 2548: 2545: 2543: 2540: 2538: 2535: 2533: 2530: 2528: 2525: 2524: 2522: 2520:organisations 2514: 2500: 2497: 2495: 2492: 2491: 2490: 2487: 2485: 2482: 2481: 2480: 2477: 2475: 2472: 2470: 2467: 2463: 2460: 2458: 2455: 2454: 2453: 2450: 2446: 2443: 2441: 2438: 2436: 2433: 2431: 2428: 2427: 2425: 2421: 2418: 2416: 2413: 2411: 2408: 2406: 2403: 2402: 2401: 2400:Manufacturing 2398: 2396: 2393: 2391: 2388: 2384: 2381: 2379: 2376: 2374: 2371: 2369: 2366: 2364: 2361: 2359: 2356: 2355: 2354: 2350: 2346: 2343: 2342: 2341: 2338: 2337: 2335: 2331: 2323: 2320: 2319: 2318: 2315: 2313: 2310: 2308: 2305: 2303: 2300: 2298: 2295: 2291: 2288: 2287: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2266: 2263: 2259: 2256: 2254: 2253:List of banks 2251: 2250: 2249: 2246: 2244: 2241: 2240: 2238: 2236: 2230: 2222: 2219: 2217: 2214: 2213: 2211: 2205: 2202: 2200: 2197: 2195: 2192: 2191: 2189: 2185: 2182: 2180: 2177: 2175: 2172: 2171: 2170: 2167: 2166: 2165: 2162: 2158: 2155: 2153: 2150: 2148: 2147:North Sea oil 2145: 2143: 2140: 2138: 2135: 2133: 2130: 2128: 2125: 2123: 2120: 2118: 2115: 2114: 2113: 2109: 2106: 2105: 2103: 2101: 2095: 2092: 2088: 2082: 2079: 2075: 2072: 2071: 2070: 2069:Trades unions 2067: 2065: 2062: 2058: 2055: 2053: 2050: 2048: 2045: 2044: 2043: 2040: 2036: 2033: 2032: 2031: 2028: 2026: 2023: 2021: 2018: 2016: 2013: 2012: 2010: 2004: 1994: 1991: 1989: 1986: 1984: 1981: 1979: 1976: 1974: 1971: 1969: 1966: 1964: 1961: 1957: 1951: 1948: 1946: 1943: 1942: 1940: 1938: 1934: 1928: 1925: 1923: 1920: 1918: 1915: 1913: 1910: 1908: 1905: 1903: 1900: 1898: 1895: 1893: 1890: 1888: 1885: 1883: 1880: 1878: 1875: 1873: 1870: 1869: 1867: 1865: 1861: 1855: 1852: 1850: 1847: 1846: 1844: 1842: 1836: 1830: 1827: 1825: 1822: 1820: 1817: 1815: 1812: 1810: 1807: 1805: 1802: 1800: 1797: 1795: 1792: 1790: 1787: 1785: 1782: 1780: 1777: 1773: 1770: 1768: 1765: 1764: 1763: 1760: 1758: 1755: 1753: 1750: 1748: 1745: 1743: 1740: 1738: 1735: 1733: 1730: 1728: 1725: 1723: 1720: 1718: 1715: 1713: 1710: 1706: 1705:Big City Plan 1703: 1702: 1701: 1698: 1696: 1693: 1692: 1690: 1688: 1684: 1681: 1673: 1663: 1660: 1658: 1657:Privatisation 1655: 1653: 1650: 1648: 1645: 1643: 1640: 1638: 1637:Gold standard 1635: 1633: 1630: 1628: 1625: 1624: 1622: 1618: 1612: 1609: 1605: 1602: 1601: 1600: 1597: 1594: 1590: 1587: 1585: 1582: 1580: 1577: 1575: 1572: 1570: 1567: 1565: 1564:1986 Big Bang 1562: 1560: 1557: 1555: 1552: 1550: 1547: 1545: 1542: 1540: 1537: 1535: 1532: 1530: 1527: 1525: 1522: 1520: 1517: 1515: 1512: 1510: 1507: 1505: 1502: 1500: 1497: 1495: 1492: 1491: 1489: 1487:Chronological 1485: 1482: 1480: 1476: 1470: 1467: 1465: 1462: 1460: 1457: 1453: 1450: 1448: 1445: 1444: 1443: 1440: 1438: 1435: 1431: 1428: 1426: 1423: 1422: 1421: 1418: 1416: 1413: 1411: 1408: 1406: 1403: 1401: 1398: 1396: 1393: 1391: 1388: 1386: 1383: 1379: 1376: 1374: 1371: 1370: 1369: 1366: 1365: 1363: 1355: 1349: 1346: 1344: 1341: 1339: 1336: 1334: 1331: 1329: 1326: 1324: 1321: 1319: 1318:Co-operatives 1316: 1315: 1313: 1309: 1305: 1298: 1293: 1291: 1286: 1284: 1279: 1278: 1275: 1263: 1255: 1254: 1250: 1249: 1245: 1243: 1242: 1238: 1237: 1234: 1227: 1224: 1221: 1218: 1217: 1215: 1211: 1204: 1203: 1199: 1196: 1195: 1191: 1188: 1187: 1183: 1180: 1176: 1173: 1172: 1168: 1165: 1164: 1160: 1157: 1156: 1152: 1149: 1148: 1144: 1141: 1140: 1136: 1135: 1133: 1129: 1122: 1121: 1117: 1114: 1113: 1109: 1106: 1105: 1101: 1098: 1097: 1093: 1090: 1089: 1085: 1084: 1082: 1078: 1072: 1069: 1067: 1064: 1062: 1059: 1057: 1054: 1052: 1049: 1047: 1044: 1042: 1039: 1037: 1034: 1032: 1029: 1027: 1024: 1023: 1021: 1017: 1011: 1008: 1005: 1002: 999: 996: 995: 993: 989: 983: 980: 978: 975: 973: 970: 969: 967: 963: 957: 949: 938: 935: 933: 930: 928: 925: 923: 920: 918: 915: 913: 910: 908: 905: 903: 900: 898: 895: 891: 888: 886: 883: 881: 878: 876: 873: 872: 871: 868: 866: 863: 862: 860: 856: 849: 846: 843: 840: 837: 834: 833: 830: 826: 819: 814: 812: 807: 805: 800: 799: 796: 787: 782: 779: 766: 761: 753: 750: 746:. 4 May 2011. 745: 741: 735: 732: 727: 721: 718: 715: 710: 707: 704: 699: 697: 695: 691: 680: 676: 669: 666: 662:on 2013-04-21 658: 654: 647: 646: 639: 637: 635: 631: 628: 624: 621: 616: 613: 610: 608: 601: 598: 595: 591: 588: 583: 580: 577: 573: 570: 565: 562: 559: 557: 550: 547: 541: 536: 532: 525: 523: 521: 517: 510: 506: 503: 502: 498: 496: 493: 489: 487: 483: 479: 475: 474:Quentin Letts 466: 464: 461: 457: 453: 448: 446: 441: 439: 435: 431: 427: 419: 417: 415: 414:gold reserves 411: 407: 402: 400: 396: 392: 388: 384: 380: 368: 363: 361: 356: 354: 349: 348: 346: 345: 335: 327: 326: 322: 320: 319: 315: 313: 312: 308: 306: 305: 301: 299: 298: 294: 293: 286: 283: 282: 275: 272: 270: 267: 265: 262: 256: 253: 251: 248: 247: 246: 243: 242: 241: 238: 236: 233: 231: 228: 226: 223: 221: 218: 217: 208: 205: 203: 200: 199: 198: 195: 194: 185: 182: 180: 177: 175: 172: 170: 167: 165: 162: 161: 160: 157: 156: 149: 146: 145: 138: 135: 133: 130: 129: 128: 127: 118: 104: 101: 97: 96: 92: 86: 82: 72: 69: 61: 58:November 2021 51: 47: 41: 40: 36: 30: 21: 20: 2651:Gordon Brown 2469:Supermarkets 2435:Construction 2430:Architecture 2265:Canary Wharf 2098:Resource and 2081:Unemployment 2052:Minimum wage 2015:Billionaires 1912:Silicon Glen 1784:M11 Corridor 1246: 1241:← Tony Blair 1239: 1226:Andrew Brown 1200: 1194:The Audience 1192: 1184: 1169: 1161: 1153: 1145: 1137: 1131:In the media 1118: 1110: 1102: 1094: 1086: 1080:Publications 885:10p tax rate 825:Gordon Brown 781: 769:. Retrieved 764: 752: 743: 734: 720: 709: 682:. Retrieved 678: 668: 657:the original 644: 615: 607:SFO Magazine 606: 600: 582: 564: 555: 549: 540:the original 534: 494: 490: 470: 449: 442: 423: 406:Gordon Brown 403: 398: 395:Brown Bottom 394: 377:The sale of 376: 323: 316: 309: 302: 295: 291:Bibliography 179:10p tax rate 116:Gordon Brown 85:Gordon Brown 64: 55: 33: 2445:Real estate 2169:Agriculture 1956:Cardiff Bay 1945:Agriculture 1902:Oil and gas 1877:Agriculture 1804:Silicon Fen 1779:M4 corridor 1772:London Plan 1593:Growth deal 1420:HM Treasury 1390:Company law 1359:governance, 1220:Sarah Brown 1197:(2013 play) 897:Premiership 850:(1997–2007) 844:(2007–2010) 838:(2007–2010) 771:15 February 679:moneyweekuk 653:HM Treasury 486:HM Treasury 438:HM Treasury 391:bear market 383:HM Treasury 220:Premiership 164:1997 budget 2615:Categories 2499:High-speed 2494:Inter-city 2410:Automotive 2390:Healthcare 2378:Television 2368:Newspapers 2212:Materials 2127:Geothermal 2100:production 2042:Labour law 2025:Demography 2008:and labour 1789:Manchester 1700:Birmingham 1632:Free trade 1361:regulation 977:New Labour 684:2024-05-01 511:References 202:New Labour 35:neutrality 2516:Trade and 2479:Transport 2426:Property 2405:Aerospace 2340:Education 2285:Insurance 2233:Financial 2117:Biodiesel 1993:Transport 1922:Transport 1882:Edinburgh 1854:Transport 1829:Wiltshire 1824:Transport 1799:Sheffield 1757:Liverpool 1620:Recurrent 1447:Banknotes 1357:Currency, 1311:Companies 1228:(brother) 1202:Coalition 1171:Headcases 1006:(General) 991:Elections 982:Third Way 765:The Times 207:Third Way 46:talk page 2590:Category 2518:business 2484:Aviation 2457:Internet 2363:Gambling 2270:The City 2235:services 2216:Forestry 2199:Scottish 2190:Fishing 2132:Fracking 2064:Pensions 1872:Aberdeen 1864:Scotland 1839:Northern 1809:Somerset 1717:Cornwall 1677:regions, 1675:Nations, 1459:Taxation 1262:Category 1181:" (2009) 1147:The Deal 972:Brownism 965:Ideology 858:Politics 767:. London 623:Archived 590:Archived 572:Archived 499:See also 484:, which 467:Analysis 454:and the 445:shorting 434:volatile 230:Ministry 197:Brownism 192:Policies 39:disputed 2600:Commons 2567:Make UK 2474:Tourism 2440:Housing 2420:Exports 2383:Theatre 2248:Banking 2194:English 2090:Sectors 2035:Poverty 1988:Tourism 1983:Swansea 1968:History 1963:Fishing 1950:Cardiff 1917:Tourism 1897:History 1892:Fishing 1849:Belfast 1841:Ireland 1819:Tourism 1794:Reading 1742:Fishing 1722:Croydon 1712:Bristol 1687:England 1479:History 1452:Coinage 2358:Cinema 2221:Mining 2142:Marine 2108:Energy 2030:Income 2006:People 1952:  1927:Whisky 1762:London 1732:Dorset 1679:cities 1604:Impact 1385:Budget 1222:(wife) 1213:Family 1205:(2015) 1189:(2011) 1166:(2007) 1150:(2003) 1123:(2017) 1115:(2010) 1107:(2010) 1099:(2007) 1091:(2007) 420:Events 408:, the 2373:Radio 2353:Media 2333:Other 2204:Welsh 2174:Cider 2152:Solar 1937:Wales 1747:Leeds 1727:Devon 1410:Gilts 660:(PDF) 649:(PDF) 430:ounce 426:euros 2489:Rail 2184:Beer 2179:Wine 2164:Food 2157:Wind 2122:Coal 1155:2DTV 1071:1996 1066:1995 1061:1994 1056:1993 1051:1992 1046:1991 1041:1990 1036:1989 1031:1988 1026:1987 1004:2010 998:2007 773:2019 387:gold 255:2009 250:2008 32:The 2297:LCH 397:or 2617:: 763:. 742:. 693:^ 677:. 651:, 633:^ 533:. 519:^ 401:. 2110:/ 1958:) 1954:( 1595:) 1591:( 1296:e 1289:t 1282:v 1177:" 817:e 810:t 803:v 775:. 687:. 366:e 359:t 352:v 71:) 65:( 60:) 56:( 52:. 42:.

Index

neutrality
disputed
talk page
conditions to do so are met
Learn how and when to remove this message

Gordon Brown

Gordon Brown
Electoral history
MP for Kirkcaldy and Cowdenbeath
Blair–Brown deal
Chancellorship
1997 budget
Five economic tests
Financial Services Authority
10p tax rate
Sale of UK gold reserves, 1999–2002
Brownism
New Labour
Third Way
Premiership
2007 leadership election
Ministry
Treaty of Lisbon
2007–2008 financial crisis
Bank rescue packages
2008
2009
Climate Change Act 2008

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.