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Chancellorship of Gordon Brown
Gordon Brown served as a British chancellor of the exchequer from 2 May 1997, when the Labour Party returned to power for the first time in 18 years, to 27 June 2007, when he became prime minister. It was the second-longest continuous period of office of any chancellor, surpassed only by Nicholas Vansittart two centuries before. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy architecture, by a wide extension of the powers of the Treasury to cover much domestic policy, and by largely benign economic conditions.
==Records==
Brown's ten years and two months as chancellor of the exchequer set several records. He was the longest-serving Labour Chancellor of the Exchequer ever, ahead of Denis Healey, who was chancellor for 5 years and 2 months from 5 March 1974 to 4 May 1979. On 15 June 2004, he became the longest continuous serving chancellor since the Reform Act 1832, passing the figure of 7 years and 43 days set by David Lloyd George (1908–1915). However, William Ewart Gladstone was Chancellor for a total of 12 years and 4 months in the period from 1852 to 1882 (although not continuously). Brown stated his chancellorship had seen the longest period of sustained economic growth in UK history,〔("Budgeting for stable economic growth" )〕 although part of this growth period started under the preceding Conservative government in 1993, and the details in Brown's growth figures have been challenged, as have his more general claims to have created the conditions for prosperity and declining poverty levels.〔("New Labour's Economic Record", Chris Harman, International Socialism )〕
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