The Brown government 2007 - 2010

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Who were the key figures of Browns government?
Alistair Darling, Peter Mandelson, David Milliband, Jacqui Smith, Jack Straw, Ed Balls, Yvette Cooper.
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How was Brown seen?
A good economic leader and someone that would protect the UK
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How many years of consecutive economic growth did Brown achieve under Blair?
10 years
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What difficulties did Brown face in his first year as PM?
Severe flooding across the UK in which several died, the terror attack on Glasgow Airport, outbreak of foot and mouth disease
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What can be seen as the 'election that never was'?
In the Autumn of 2007 Labour were ahead in the polls.
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When did the global credit crunch begin?
August 2007
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When was the year of the banking crisis?
2008
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What tactics was brown using to recover the economy?
Brown was using Keynesian tactics, even though he was economically liberal.
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When was the run on Northern Rock?
2008, it was the first run on the bank in 150 years and lead to its subsequent nationalisation.
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What is a recession?
Two consecutive quarters of negative growth.
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What companies did Labour nationalise during the recession?
Northern Rock, Bradford and Bingley, Lloyds, TSB, HBOS, and RBS at a cost of £80 billion.
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What was the government spending?
Other peoples money
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Which by-elections did Labour loose?
Crew and Nantwich to the Tories and Glasgow East to the SNP.
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What was the deficit in Autumn 2009?
£178 billion.
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When did the UK exit the recession?
January 2010, depression was prevented.
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What was the deficit in May 2010?
£155 billion due to an investing growth and sustaining demand in the economy.
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What did Labour state they would do if they won the next election?
Labour would commit £70 billion expenditure cuts.
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Other cards in this set

Card 2

Front

How was Brown seen?

Back

A good economic leader and someone that would protect the UK

Card 3

Front

How many years of consecutive economic growth did Brown achieve under Blair?

Back

Preview of the front of card 3

Card 4

Front

What difficulties did Brown face in his first year as PM?

Back

Preview of the front of card 4

Card 5

Front

What can be seen as the 'election that never was'?

Back

Preview of the front of card 5
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