Word: chancellor
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Before he took over as British Prime Minister last month, Gordon Brown's speeches often included a familiar refrain. Britain's economy, the then-Chancellor of the Exchequer would thunder, boasted sustainable growth - averaging almost 2.9% over the past decade, modest interest rates and low inflation. "Of all the major economies - America, France, Germany, Japan," Brown boasted late last year, "Britain has enjoyed the longest postwar period of continuous growth...
...couldn't claim all the credit, of course; the strong global economy that spurred Britain's economy during his 10 years as Chancellor had little to do with Brown, for one thing. But Britain's longest-serving finance minister since the 1820s is owed at least some of the plaudits. For example, his bold decision to grant independence to the Bank of England in 1997 separated politics from the setting of interest rates, helping raise confidence in the U.K. economy and providing a backdrop for stable growth...
...competition was not without its controversy or hard feelings. According to the Agence France-Presse news wire, Austrian Chancellor Alfred Gusenbauer had sharp words about the level of financial firepower Russia had focused on their efforts. "Salzburg didn't stand a chance," he said. "It was an economic and political powerplay...which indicates the way they want to go from now on, and this is wrong for the sport and for the IOC and Olympic Movement...
...depicting the new government Gordon Brown promises to unveil in full in the next 24 hours, but the first and most prominent Cabinet appointment has provided them with a gag that, for the lensmen at least, has yet to wear thin. "Hello Darling!" they chorus raucously, as the new Chancellor of the Exchequer makes his way past the press...
Britain's political landscape is being transformed, its personnel, style and structures thoroughly revamped. Its two biggest beasts are changing their spots. Gordon Brown promises to be more open and relaxed than in his incarnation as the brilliant but grumpy Chancellor of the Exchequer. Rumors that Tony Blair will soon announce his conversion to Catholicism continue despite a difficult meeting with the Pope on the weekend. But what might any personal metamorphoses mean for the world? How will Prime Minister Brown deliver the change that has already emerged as the theme and buzzword of his premiership, cropping up 30 times...