Gordon Brown was certainly the best prime minister of the 21st century so far and it's not even close. The fact that today he acknowledges his mistakes i.e. not prosecuting bankers. also shows he is humble and wise.
That's right people seem to have a short memory brown was advised not to sell the gold he ignored the advice I think the Chinese bought a lot of it not long after the prices shot up for gold ,and the other thing he did was tuck in to the pension funds living people short on their money saved for retirement he was using the money to cover his mistakes and when out of government left a note saying nothing left in bank for you conservatives and don't forget when the microphone was left on in his car slating the woman who tried to talk to him as a biggot old woman
There was a documentary on the 2008 financial crisis that interviewed all of the world leaders of the time. Bill Clinton & his team stated that the Brown & Darling’s actions, bailing out the UK banks, inspired them to do the same & they were pretty sure that it saved the US from further ruin. High praise indeed.
By all metrics Blair and Brown were the most successful prime ministers since the 40s. Highest wages, Best NHS "ever", lowest crime figures since 1976, Best educational outcomes for working class children, lowest strike days, 24,000 more police 56,000 more nurses, 21,000 more doctors, Child poverty at its lowest since 1920, Most importantly real term average wages were 32% higher than today. (All figures Office of National Statistics)
Taking the country into an illegal war in Iraq that killed millions of innocent people is just co-incidental? When they lost to the Conservatives they left a cheery note 'There's no money'. They bankrupted the country. Not that the present government is any better.
Just crashed the economy by allowing financial services to regulate themselves.... They weren't responsible for the UKs economic situation, the whole world was in an usually long period of economic health
@@maximyles maybe he was but his and Osborne’s warped ideology crippled the country, he then appeased the far right of his own party with a terribly flawed referendum reducing a hugely complicated decision to a yes/no referendum. He was a disaster for this country regardless of whether he was genuine or not.
He espoused, promoted and initiated the exact same failed right-wing supply side economics the Tories do. He kept the status quo of an economic system that only benefits the top 10%. How is that "doing the best for the people"?
I remember when LBC pulled out the anti-Corbyn propaganda back when he was vying to be PM. James O'Brien was so anti-Corbyn. LBC are to blame for the Tories getting back into power. It could have been very different, but no.
As a fresh-faced 18 year old, I was proud to vote for Labour in 2010, at a time when all my friends were creaming their jeans over Clegg. Makes me happy now to see Brown getting the recognition he rightly deserves.
Since I read macro-economics at university in the 1970s/80s I've thought that Gordon Brown was the best UK chancellor, I've also considered John Major a very under-rated Prime Minister in many ways, no party bias here. 🤣
if you think brown and major were a class act, I assume you failed your degree major who was responsible for the ERM debacle and gordon for the brown bottom...really great custodians of the economy
@@willyhill7509 it was never true, firstly because that's not how a countries finances work. Secondly if we had no money, our debt would not have been allowed to triple since then.
Some countries like Germany, China and Japan are creditor Nations, they have money, some countries like USA and UK are debtor nations, they don't have money they only borrow to get money.
@@Alex-cw3rz Our national debt has more than tripled since Labour came to power, and up to 2024. £350 billion national debt in 1997. £1.12 trillion in 2010 when Labour were kicked out, and £2.64 trillion today.
@@willyhill7509 Japan's national debt is more than 260% of its GDP. The only reason they can finance it is because people buy their goods. When the next financial crash happens, the Japanese economy will go with it.
For those saying brown caused 2008 crash you're absolutely clueless. And for those harping on about the sale of gold..do you have a clue why it was sold. Anyone' with a bit of common sense can see that Brown's time as chancellor's were the best years of this country..the stats are there.
You will never eradicate child poverty by simply handing money to single mums. The SNP has ploughed huge amounts of money into eradicating child poverty and has barely scratched the surface. Meanwhile jobs keep moving south due to increasing income tax rates
I lost all faith in Brown within 2 weeks of the Blair government taking office, when he introduced a raft of banking de-regulation, which contributed to the crash of 2007/8. It was one of the Faustian bargains Labour had to make to gain power. He also lost a lot of points for claiming to have “abolished boom and bust”. Even Keynes said that wasn’t possible - all you can do is flatten the slopes. He was still more competent than any tory Nasti Party Chancellor.
No it didn’t. Thatcher had de- regulated the financial services sector too. The Global Credit crisis was caused by the packaging up of very very risky mortgages into a tradeable security, then given preposterous credit ratings by the main agencies in the U.S. As they were effectively residential mortgages it allowed investment banks to leverage these by epic proportions. That’s why someone say defaulting on their mortgage in a little village in Germany caused massive repercussions to the financial system.
@@bd1845 Yes, the 2008 crash was caused _largely_ by mortgage bundling ( a practice used widely in banking and leasing ), but Brown _did_ introduce further de-regulation of the UK banking system, which _did_ contribute to the crash in the UK. It was notable, at the time, that those nations that _didn’t_ further reduce banking regulation or allow the same level of bundling, such as Canada and Austria _didn’t_ have a financial sector collapse. This isn’t a criticism of Brown or Labour (except, perhaps, for Brown’s naivety), but is a criticism of how banking works with politics. To get the support of the banks, Blair & Brown had to bend over the kitchen table for the banks to play with.
Gordon brown was a great Chancellor and prime minister I regret not voting for labour when he was leader. Hindsight is a wonderful thing he as others have said he cared genuinely about the public a didn’t take voters for granted.
Thank goodness Gordon Brown was PM in 2008. He was ideally equipped to steer us through the global economic crisis and did not deserve to lose the 2010 election. So many were duped by Nick Clegg. I was furious then but now, after 14 years of disastrous Tory rule, I feel he‘d once again be the perfect captain for this very rocky, battered ship.
Why hasn't the people in parliament taken a pay cut? It should be law forcing these people to take a pay cut if the country is struggling. Why are they taking 6 figures as the market sours?
We need the economist Gary Stevenson advising the next chancellor what we need to do to address the huge wealth inequality that's exists within our society!! Unless we reform the taxation system, properly tax the millionaires and billionaires, and introduce an actual living wage, the cost of living crisis will get even worse!!
Stop listening to Gary, he doesn't know what he is talking about. One day he will debate someone who has different ideas and he will be shown to be incompetent
@@chrisj9700 Gary Stevenson is not talking about income tax. He's talking about multi millionaires and billionaires who don't get there wealth through income, but through the vast profits they get paid from assets and dividends they own. Which is taxed at a much lower rate than income tax, that is if they get taxed at all. They employ very skilled accountants who exploit deliberate holes in the taxation system to greatly reduce there tax bill!!! Gary is calling for a wealth tax, not income tax, on multi millionaires and billionaires. This would generate billions per year. To actually properly fund the NHS and all other public services!!
Brown and Major were unlucky in that they followed very charismatic characters and were seen as 'dull' due to that. but they both were better than they were given credit for - and both stick by their principles unlike a lot of those whose personality over takes policy. We need a return to the 'dull but safe' hands politician, not the firebrands and u-turning populists we have now - its becoming a personality contest and we find that those who win were wearing masks and showing different groups what they wanted to see at the expense of honesty/reality.
Gordon brown is absolutely without a shadow of doubt a leader with integrity, competence , ability, patriatoc as well showing great leadership domestically as well as on a global level, cared for the people of UK. And a man of honour without talking B*ll S**t. and a brilliant chancellor uk ever had. A Hundred rishi wouldn't equal to one Gordon brown. That's a fact. Im an Asian.
Calling a snap election just before a global crash, which he later admitted he didn't understand how global finance works. Along with raiding workers pension funds, and selling off half the country's gold reserve. Yes, as Chancellor, and PM he did a great job.
Oh what short memories. Brown’s raid on pension funds created the surge in “buy to rent” properties and holiday homes/second homes which has had a devastating impact on the housing market for the past 25 years.
Gordon Brown is a living saint. He had not enriched himself after leaving office. Instead he has been helping out poor kids, and donated his own personal money to charities.
The problem Brown had during his stint as PM was his advisors, they kept telling him to be more amiable and smile and be like Blair. He should have ignored them and said "I look like a miserable so and so, but so what"! People would have warmed to him more if he had been himself.
There was a Paxman interview on the eve of the election, things were already looking bad then, it was after the leadership debates and the hot mic debacle. And he really was just himself, talking in enormous detail about economics and the response to the crisis, he actually seemed to be enjoying himself, it was the only time that year I saw that side of him. I doubt many people did see that, though.
No its the opposite he wasn't enough like Blair on the communication side, he didn't have the skills to be the leader where your in the limelight everyday.
@@johnsmart2616Yes, because he is a miserable so and so who understands far more about economics and gold sales than you ever will. Don’t pretend to know in exact excruciating detail the rights and wrongs of Gordon Brown holding a sale of some of the UK’s gold reserves 26 years ago.
Yes - Gary's Economics have helped me to understand how the system currently means there's no way to reduce inequalities, and we need to explore better ways to redistribute wealth, not for the middle classes but the super rich
Gordon Brown who: 1. Implemented PFI contracts, incurring massive long term debt 2. Sold the UK gold reserves at the bottom of the global market 3. Raided pensions causing long term damage to pensions Yeah, the best, except for the massive long term impacts.
He really wasn't. He was a Chancellor who inherited a period of stabilisation that is a natural part of the boom and bust cycle of capitalist economics. It just so happened he left office as that period began to come to an end. He did very little, but took credit for it.
Does anyone realise that the financial sector doesn’t want to incriminate themselves… In the real world, We’re still waiting on the 2008 financial crash being resolved
Selling the gold "cheap" is a bit dishonest, the price of gold had been falling for about 20 years and NOBODY of any note was predicting it to rise, it was losing the country a fortune. Secondly, the gold was sold and invested into currencies which did make a profit for the treasury, it did not make as much of a profit if he had just left it in gold, that's clear, but nobody was predicting the gold run we had since the 00's. Secondly, the thing that triggered the sale was actually American banks like Goldman Sachs who at the time were short on their gold liabilities, and those banks were close to going under. Gordon Brown spoke to the US government urging them to step in and help those banks (because the UK banks would have been financially hit hard if GS were left) and the Americans refused to step in, so Brown purposely announced the sale in advance in order to artificially reduce the price in order to stop Goldman Sachs being short, which ultimately saved UK banks which would have been caught up in it. It's pretty obvious that the chancellor announcing the sale in advance was intentional. His Pension record I agree is poor. But the ones who complain about gold often know absolutely nothing about it. Otherwise people like you would now be wealthy from buying gold.
it was for the market rate, not for nothing, it was only seen as bad in hindsight. he has also admitted both were errors. Which shows growth intelligence and which is more than you can say for any tory.
looking at the comments below, quite a few refer to the gold sale which was a mistake but dont mention his greatest decision and achievement which was keeping the British Pound. And he had to fight for it.
Gordon Brown would have made a great Prime Minister ...... He knew the facts and figures He had compassion empathy decency humanity Common sense And a care for ordinary people...... Unlike the recent bunch we've had !!!
I hate to break it to you. Gordon Brown was Prime Minister after spending years plotting against Tony Blair ( the most electorally successful Labour Prime Minister in history). He then lost the election, but wouldn't do a deal with the liberal democrats which led to the austerity government. Just a few facts for you.
Is this a joke ? Gordon Brown was a disaster as a Chancelor, as well as a Prime Minister. He was so devoted to Britain he sold off a massive amount of our gold 56% in fact and against the advice of the Bank of England when gold prices were at an historically low value. This was made worse after Brown foolishly announced he would be selling a huge amount and so gold prices collapsed even further. Yet undaunted, Brown went ahead with the sale and Iiterally gave it away at rock bottom price selling 56% of our gold reserves for only $3.5 billion. Soon afterwards gold prices rocketed and the gold was worth $16.4 billion meaning his action had lost us a considerable amount that could have been spent here in Britain. However, why was Brown so determined to sell at the worst moment imaginable ? Later it transpired he did it to support his mates in the EU, by supporting the failing euro. A currency we were not, nor never would be, members of. This shows where Browns loyalties lied, not with his own country Britain, but with the EU. Brown shafted us all !
@@chrisj9700Yeah, it’s hardly a model of actual government when the Welsh Labour executive derive most of their funding from the Tories who have a vested interest and the incompetence to match needed to run down public services and the like.
в If the United States steals $600 billion of Russian investments, then all countries will not invest money in American investments. The United States always steals money, resources (Syria oil), steals loans that are invested in America.
To be clear, this argument is predicated on economic illiteracy. The value of gold at that time was largely based on the value of currencies in terms of demand, and confidence. The value of gold going up was a consequence of a sharp change in those around the financial crisis. In many ways, the gold market and other similar markets are pushed by extant investors in order to increase value, but the justification almost never materialises, save in the ponzi scheme sense. If he could have predicted the crisis and thus the proximal cause, and only a few people did, anywhere, he would have had better things to do than worry about the price of gold. If he could not predict it, then he had no reason to assume that increase in value at the time. There's a lot of ignorance around this topic, because it's a cheap headline style piece of information, but it's not a valid criticism whatsoever, and anyone with a shred of actual knowledge is aware of that, but it works precisely because most people do not possess the context.
@@chrisj9700 He was following the US market. The US deregulated the mortgage market, dropping proper credit checks, allowing the creation of CDOs and derivatives, but the key aspect here was passing legislation that dropped the requirement of financial institutions to have a safe portion of their assets to be easily liquidated. That was something that was deemed as 'removal of red tape' at the time, and Brown was somewhat politically pressured into doing it. Had the Conservatives been in power, they would, undoubtedly, have gone even further. The overall earthquake was caused by the US markets realising that their assets were built on bad consumer credit, but what we faced in the UK was a domino effect that rippled across the pond when the US government, rather than bailing out Lehman Brothers, allowed it to collapse, which in turn meant that every financial institution that Lehman Brother's owed to then had to mark those assets as red on their books, causing a chain reaction of collapses until the UK was forced to step in for Lloyds TSB, learning from the mistake of the US government..
"No more boom/bust" Brown, chancellor who led the country into the greatest recession ever experienced. He rode a wave of benign economic times and had no idea that by taxing and borrowing he was taking away the UKs safety net
@@maneshipocratestry reading before commenting. I stated why he limited the UKs ability to cushion the recession. He turned on the spending taps and the country has not been able to turn them off since - that is his legacy
It is a lie. The UK had no big manufacturing base, and the economy depended on financial services, real estate, and retail sales for growth - which was exposed to careless borrowing, lending etc. You should be the one to read. People who think they know more than experts voted for Cameron, then Boris, then Truss and now Sunak. These people refused to listen to experts on how to take the 2008 crisis, and what cause it; and then totally refused the warnings about Brexit. The point is people like you, together with those people blame him and Labour for causing the recession in 2008. But refuse to acknowledge the Conservatives have made everything worse.@@vvwalker7261
He gave low income household kids the opportunity with a semi trust fund. Parents put 50 pounds and they gov matched it. When they turned 18 they had nearly 10k.
Not us up here in Scotland Blair and him sold Scotland down the river and changed our maritime borders so they can keep him we will be independent soon and claim our right
As usual, a nationalist speaking for all of Scotland. A lot of us respect Brown for the man of integrity that he was. No theft of party funds to buy camper vans for a start.
No he didn't. He sold half the gold at most, which among other things stopped the UK from going under. Lots of other countries followed Brown's policies. You are stuck on something demonstrably untrue, look it up and educate yourself.
@@Billygoatmanstan No. I have studied this in detail, my line of work. It was the only option at the time. You're suggesting we borrowed even more? With the banks in crisis? Whatever, a deep recession was avoided. What happened with our assets since 2010 have been a thousand times worse, I assure you.
New Labour times, Mostly on a growing economy. Then the Iraq war, and melt down in 2008. The peril of getting into bed with capital. GB was a decent man. Gold standard in comparison to today’s Tory’s.
Brown should hsve stayed chancellor and Blair PM. They probably would have won more terms together. Everything was working well. Until the banks messed it up.
More Facts Prove that voters should Never trust Politicians..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 Quentin Letts[11] to the mistakes in 1992 that led to Black Wednesday, when the UK was forced to withdraw from the European Exchange Rate Mechanism, which HM Treasury has estimated cost the UK taxpayer around £3.3 billion..... Tony cuenca
Gordon was a no messing chancellor he knew numbers better than most and he knew bullpoop from bullpoop he only had the best advisors possible unlike the group rishi has now. Gordon brought together alot of world leaders to london and fixed the issue to the best of his capabilities. The downfall of gordon sadly was a bad mistake but we now need him back even advising the labour party choice of deputy chancellor she herself is well educated but her and gordon brown would be a dream team to fix the economy.
Gordon Brown was certainly the best prime minister of the 21st century so far and it's not even close. The fact that today he acknowledges his mistakes i.e. not prosecuting bankers. also shows he is humble and wise.
Didn’t he sell a lot of the UKs gold.
Since he flogged are gold it’s gone up & up ⬆️📈
That's right people seem to have a short memory brown was advised not to sell the gold he ignored the advice I think the Chinese bought a lot of it not long after the prices shot up for gold ,and the other thing he did was tuck in to the pension funds living people short on their money saved for retirement he was using the money to cover his mistakes and when out of government left a note saying nothing left in bank for you conservatives and don't forget when the microphone was left on in his car slating the woman who tried to talk to him as a biggot old woman
@@jameshodgkins559yes he auctioned most of the UK’s gold. Was a huge mistake!
There was a documentary on the 2008 financial crisis that interviewed all of the world leaders of the time. Bill Clinton & his team stated that the Brown & Darling’s actions, bailing out the UK banks, inspired them to do the same & they were pretty sure that it saved the US from further ruin. High praise indeed.
You must be joking, he wasnt PM material should have stayed Chancellor he was better in the shadows, not a leader
By all metrics Blair and Brown were the most successful prime ministers since the 40s. Highest wages, Best NHS "ever", lowest crime figures since 1976, Best educational outcomes for working class children, lowest strike days, 24,000 more police 56,000 more nurses, 21,000 more doctors, Child poverty at its lowest since 1920, Most importantly real term average wages were 32% higher than today. (All figures Office of National Statistics)
My parents were blessed to raise kids under Blair government. Can’t imagine how bad austerity and covid have been on kids under 15
Things can indeed only get better and going back to square one (2010) with Labour would be a great achievement.
Taking the country into an illegal war in Iraq that killed millions of innocent people is just co-incidental? When they lost to the Conservatives they left a cheery note 'There's no money'. They bankrupted the country. Not that the present government is any better.
Just crashed the economy by allowing financial services to regulate themselves....
They weren't responsible for the UKs economic situation, the whole world was in an usually long period of economic health
The only problem is Blair ruined his reputatin by going into Iraq and Afghan.
Gordon Brown is a man of integrity, not a natural politician like Blair but just thoroughly decent and look at what replaced him.
Cameron was an equally genuine human on the opposite side. David Cameron gave Brown a standing ovation on his exit from office.
@@maximyles maybe he was but his and Osborne’s warped ideology crippled the country, he then appeased the far right of his own party with a terribly flawed referendum reducing a hugely complicated decision to a yes/no referendum. He was a disaster for this country regardless of whether he was genuine or not.
"That bigoted woman".
A quote from the man with integrity.
🤣🤣🤣🤣🤣
@@trytellingthetruth.2068maybe she was
Gorden Brown was a leader with integrity, and comitted to doing the best for the people and UK.
Didn't he call a working class women disgusting because she questioned immigration
He espoused, promoted and initiated the exact same failed right-wing supply side economics the Tories do.
He kept the status quo of an economic system that only benefits the top 10%.
How is that "doing the best for the people"?
Just a shame he sold our gold for peanuts.
@@Gabriel_H77 but he did call a working class women disgusting
Like selling our gold reserve for very little
Even after the financial crash exchange rates for the Euro 1.23 and USD 1.63 in 2010 just shows how bad the Tories are with money .
I remember when LBC pulled out the anti-Corbyn propaganda back when he was vying to be PM. James O'Brien was so anti-Corbyn. LBC are to blame for the Tories getting back into power. It could have been very different, but no.
@Enigma You flatter the political influence LBC holds..it was the electorate who spoke!
@@chatham43 but they di influence the left
@@chatham43 ".it was the electorate who spoke!"
Once they'd been thoroughly propagandised by the establishment. Yes.
JOB loves to smash the Corbyn emergency glass, you can 100% blame the centrists for 2019.
Fair critique isn't propaganda.
As a fresh-faced 18 year old, I was proud to vote for Labour in 2010, at a time when all my friends were creaming their jeans over Clegg. Makes me happy now to see Brown getting the recognition he rightly deserves.
😂 he sold all our gold at rock bottom prices! 🤦
Since I read macro-economics at university in the 1970s/80s I've thought that Gordon Brown was the best UK chancellor, I've also considered John Major a very under-rated Prime Minister in many ways, no party bias here. 🤣
if you think brown and major were a class act, I assume you failed your degree
major who was responsible for the ERM debacle and gordon for the brown bottom...really great custodians of the economy
Just waiting for the comments to go "we had no money because a joke post-it-note said so" how economically illiterate can right wingers get
Well, it was true and still is.
@@willyhill7509 it was never true, firstly because that's not how a countries finances work. Secondly if we had no money, our debt would not have been allowed to triple since then.
Some countries like Germany, China and Japan are creditor Nations, they have money, some countries like USA and UK are debtor nations, they don't have money they only borrow to get money.
@@Alex-cw3rz
Our national debt has more than tripled since Labour came to power, and up to 2024.
£350 billion national debt in 1997. £1.12 trillion in 2010 when Labour were kicked out, and £2.64 trillion today.
@@willyhill7509
Japan's national debt is more than 260% of its GDP. The only reason they can finance it is because people buy their goods. When the next financial crash happens, the Japanese economy will go with it.
For those saying brown caused 2008 crash you're absolutely clueless. And for those harping on about the sale of gold..do you have a clue why it was sold. Anyone' with a bit of common sense can see that Brown's time as chancellor's were the best years of this country..the stats are there.
It's a top Tory lie that the thicko's gulp down that labour caused the banking crisis
If Gordon brown was leading labour I'd vote for Labour but stamer I don't trust him so I don't know who vote for
Gordon Brown was the best chancellor and, prime minister that Britain had in recent memory.❤
You will never eradicate child poverty by simply handing money to single mums. The SNP has ploughed huge amounts of money into eradicating child poverty and has barely scratched the surface. Meanwhile jobs keep moving south due to increasing income tax rates
I lost all faith in Brown within 2 weeks of the Blair government taking office, when he introduced a raft of banking de-regulation, which contributed to the crash of 2007/8. It was one of the Faustian bargains Labour had to make to gain power. He also lost a lot of points for claiming to have “abolished boom and bust”. Even Keynes said that wasn’t possible - all you can do is flatten the slopes.
He was still more competent than any tory Nasti Party Chancellor.
No it didn’t. Thatcher had de- regulated the financial services sector too. The Global Credit crisis was caused by the packaging up of very very risky mortgages into a tradeable security, then given preposterous credit ratings by the main agencies in the U.S. As they were effectively residential mortgages it allowed investment banks to leverage these by epic proportions. That’s why someone say defaulting on their mortgage in a little village in Germany caused massive repercussions to the financial system.
@@bd1845 Yes, the 2008 crash was caused _largely_ by mortgage bundling ( a practice used widely in banking and leasing ), but Brown _did_ introduce further de-regulation of the UK banking system, which _did_ contribute to the crash in the UK. It was notable, at the time, that those nations that _didn’t_ further reduce banking regulation or allow the same level of bundling, such as Canada and Austria _didn’t_ have a financial sector collapse.
This isn’t a criticism of Brown or Labour (except, perhaps, for Brown’s naivety), but is a criticism of how banking works with politics. To get the support of the banks, Blair & Brown had to bend over the kitchen table for the banks to play with.
Gordon brown was a great Chancellor and prime minister I regret not voting for labour when he was leader.
Hindsight is a wonderful thing he as others have said he cared genuinely about the public a didn’t take voters for granted.
Thank goodness Gordon Brown was PM in 2008. He was ideally equipped to steer us through the global economic crisis and did not deserve to lose the 2010 election. So many were duped by Nick Clegg. I was furious then but now, after 14 years of disastrous Tory rule, I feel he‘d once again be the perfect captain for this very rocky, battered ship.
Why hasn't the people in parliament taken a pay cut? It should be law forcing these people to take a pay cut if the country is struggling. Why are they taking 6 figures as the market sours?
We need the economist Gary Stevenson advising the next chancellor what we need to do to address the huge wealth inequality that's exists within our society!!
Unless we reform the taxation system, properly tax the millionaires and billionaires, and introduce an actual living wage, the cost of living crisis will get even worse!!
I only heard of him 3 weeks ago, and he’s everywhere now. Do appreciate him
We desperately need someone like Garry Stevenson. We need a real world honest economist that will put country first! 👍
Stop listening to Gary, he doesn't know what he is talking about. One day he will debate someone who has different ideas and he will be shown to be incompetent
@@vvwalker7261 the smears have already started 🤣🤣🤣
@@chrisj9700
Gary Stevenson is not talking about income tax. He's talking about multi millionaires and billionaires who don't get there wealth through income, but through the vast profits they get paid from assets and dividends they own. Which is taxed at a much lower rate than income tax, that is if they get taxed at all. They employ very skilled accountants who exploit deliberate holes in the taxation system to greatly reduce there tax bill!!!
Gary is calling for a wealth tax, not income tax, on multi millionaires and billionaires. This would generate billions per year. To actually properly fund the NHS and all other public services!!
Gordan brown to me shouted out family man and a man of integrity
Gordon Brown understand the need of poor people. He would be awesome pm. Bring him back!
Brown and Major were unlucky in that they followed very charismatic characters and were seen as 'dull' due to that. but they both were better than they were given credit for - and both stick by their principles unlike a lot of those whose personality over takes policy.
We need a return to the 'dull but safe' hands politician, not the firebrands and u-turning populists we have now - its becoming a personality contest and we find that those who win were wearing masks and showing different groups what they wanted to see at the expense of honesty/reality.
Gordon brown is absolutely without a shadow of doubt a leader with integrity, competence , ability, patriatoc as well showing great leadership domestically as well as on a global level, cared for the people of UK.
And a man of honour without talking B*ll S**t.
and a brilliant chancellor uk ever had.
A Hundred rishi wouldn't equal to one Gordon brown. That's a fact. Im an Asian.
Gordon Brown saved the the World financial system!
If you read Obama’s autobiography, he credits the saviour of the global financial system as the brainchild of Gordon Brown.
Labour and the people neeeeeed him back
The average disposable income was £10,000 higher than it is today under Gordon Brown and that was after global recession.
so he performed a bit better than liz truss, the ukraine war and covid put together ?
that doesn't fill me with confidence
Gordon should have called a snap election when he took over from Tony in 2007, he would have won a majority
That was his biggest mistake Cameron wasnt ready fir zn election but we would get pass the financial crisis snd back on track
Calling a snap election just before a global crash, which he later admitted he didn't understand how global finance works. Along with raiding workers pension funds, and selling off half the country's gold reserve. Yes, as Chancellor, and PM he did a great job.
@@trytellingthetruth.2068 Then Brexit on top of that - Oh, that wasn't him.
@@missd2657
Well remembered.
I believe the lady was referring to the Child Trust Fund that all children born around that timeframe got.
Totally agree Gordon was excellent.
an end to boom and bust he said...really excellent
we're gonna sell off all our gold next month, so you can all short the market so we get as low a price as possible for the country
Oh what short memories. Brown’s raid on pension funds created the surge in “buy to rent” properties and holiday homes/second homes which has had a devastating impact on the housing market for the past 25 years.
.... Thatcher...
I think the worst thing Brown did was PFI. Having said that I would have him back as Chancellor in a heartbeat.
And British politics continues to slowly morph into American politics (and don’t get me wrong us over here in Canada aren’t that far behind).
Said this ages ago, bring back Gordan Brown 🙏
Gordon Brown is a living saint. He had not enriched himself after leaving office. Instead he has been helping out poor kids, and donated his own personal money to charities.
Carol you should run for office yourself I think you would do a great job !!!
Gordon Brown......😂😂😂
He bailed out the bankers without a shred of accountability. It’s a no from me.
The problem Brown had during his stint as PM was his advisors, they kept telling him to be more amiable and smile and be like Blair. He should have ignored them and said "I look like a miserable so and so, but so what"! People would have warmed to him more if he had been himself.
There was a Paxman interview on the eve of the election, things were already looking bad then, it was after the leadership debates and the hot mic debacle. And he really was just himself, talking in enormous detail about economics and the response to the crisis, he actually seemed to be enjoying himself, it was the only time that year I saw that side of him. I doubt many people did see that, though.
No its the opposite he wasn't enough like Blair on the communication side, he didn't have the skills to be the leader where your in the limelight everyday.
Is that why he sold our gold for nothing?
@@johnsmart2616Yes, because he is a miserable so and so who understands far more about economics and gold sales than you ever will. Don’t pretend to know in exact excruciating detail the rights and wrongs of Gordon Brown holding a sale of some of the UK’s gold reserves 26 years ago.
The same Gordon brown who sold our gold at a very low price ?? 😅
what was it worth sitting in a vault didnt he use the money to buy bonds which went on to save the economy
Gordon Brown. The last proper PM this country had.
Big fan of Gordon brown life was so much better when he was in power, so I can only agree he actually cared 👍💯
Excuse me while I laugh……😂😂😂😂😂😂😂😂😂😂😂😂😂
🙄 *YES it WAS.... STOP being diplomatic Carol* 🤨2:20
Bring him back hes very much needed especially by the children of this country
It's totally ridiculous. Brown was just a spinner. His tricks were akin to a magician's sleight of hand. He fooled a lot of people with his spinning.
Gordon Brown is an advisor to the Labour Party Kay so vote for them.
Abroad its widely recognised that brown was the best pm you've had.
Gordon Brown was the best chancellor ever ❤
Sold of all the gold reserves
We need Garry Stevenson to be our chancellor! It’s time for a new way of looking at economics as trickle down economics is NOT working!!
I agree
They won't let that happen ....
Yes - Gary's Economics have helped me to understand how the system currently means there's no way to reduce inequalities, and we need to explore better ways to redistribute wealth, not for the middle classes but the super rich
Easily the most intelligent politician of his generation, but the English wanted Tory toff boy Cameron and look where that ended…
Gordon Brown who:
1. Implemented PFI contracts, incurring massive long term debt
2. Sold the UK gold reserves at the bottom of the global market
3. Raided pensions causing long term damage to pensions
Yeah, the best, except for the massive long term impacts.
😴🥱😒
No not Gordon Brown or definitely not Tony Blair. He should be nowhere near politics Carol
He really wasn't. He was a Chancellor who inherited a period of stabilisation that is a natural part of the boom and bust cycle of capitalist economics. It just so happened he left office as that period began to come to an end. He did very little, but took credit for it.
A like a world leader that does their homework, who reads the material. This is essentially what Obama said of Brown in his memoir.
Does anyone realise that the financial sector doesn’t want to incriminate themselves…
In the real world, We’re still waiting on the 2008 financial crash being resolved
BUT REMEMBER WHEN HE SOLD GOLD. WORST HUMAN BEAN IN EXISTANCE.
Wasnt it Gordon Brown that sold loads of our gold at a cheap price???
Selling the Gold cheap and removing tax relief on share dividends on pensions, Are you mad???
Selling the gold "cheap" is a bit dishonest, the price of gold had been falling for about 20 years and NOBODY of any note was predicting it to rise, it was losing the country a fortune. Secondly, the gold was sold and invested into currencies which did make a profit for the treasury, it did not make as much of a profit if he had just left it in gold, that's clear, but nobody was predicting the gold run we had since the 00's.
Secondly, the thing that triggered the sale was actually American banks like Goldman Sachs who at the time were short on their gold liabilities, and those banks were close to going under. Gordon Brown spoke to the US government urging them to step in and help those banks (because the UK banks would have been financially hit hard if GS were left) and the Americans refused to step in, so Brown purposely announced the sale in advance in order to artificially reduce the price in order to stop Goldman Sachs being short, which ultimately saved UK banks which would have been caught up in it.
It's pretty obvious that the chancellor announcing the sale in advance was intentional.
His Pension record I agree is poor. But the ones who complain about gold often know absolutely nothing about it. Otherwise people like you would now be wealthy from buying gold.
it was for the market rate, not for nothing, it was only seen as bad in hindsight. he has also admitted both were errors. Which shows growth intelligence and which is more than you can say for any tory.
@@IsSalty how dare you come here with facts.
Not the best chancellor and nt the best PM IMO.
Luv Gordon brown ❤
If you don’t want a pension vote away. Man should be jailed.
Nobody needs Gordon Brown.
Because of him, the Tories got in.
Not that New Labour weren't already Tories.
Lies. People wanted him and Labour out. Blair stole the airwaves but G.B. was the main guy doing the job.
100% agree
I agree with lady. Nice man
It’s because he was the most intelligent and had a sense of civic duty
Bring back Gordon Brown!
Blair/ Brown Team was the best for UK,....But Blairs Head became to BIG and dragged us into Criminal Wars.
Gordo love was in short supply at the time. The man had negative charisma. Competence didn't seem to be enough.
I think the nation's finally had it up to the gills with charisma...
What did he actually do? All I remember is the economy crashed
Blair and Brown led directly to this.
looking at the comments below, quite a few refer to the gold sale which was a mistake but dont mention his greatest decision and achievement which was keeping the British Pound. And he had to fight for it.
it wasn't because he wanted to keep it, it was because labour would have lost the next election if they forced the country to adopt the euro
Gordon Brown would have made a great Prime Minister ...... He knew the facts and figures He had compassion empathy decency humanity Common sense And a care for ordinary people...... Unlike the recent bunch we've had !!!
he bankrupted the country!
@@middleman9183
So did Liz truss at least he had intelligence
I hate to break it to you. Gordon Brown was Prime Minister after spending years plotting against Tony Blair ( the most electorally successful Labour Prime Minister in history). He then lost the election, but wouldn't do a deal with the liberal democrats which led to the austerity government. Just a few facts for you.
Is this a joke ?
Gordon Brown was a disaster as a Chancelor, as well as a Prime Minister. He was so devoted to Britain he sold off a massive amount of our gold 56% in fact and against the advice of the Bank of England when gold prices were at an historically low value. This was made worse after Brown foolishly announced he would be selling a huge amount and so gold prices collapsed even further. Yet undaunted, Brown went ahead with the sale and Iiterally gave it away at rock bottom price selling 56% of our gold reserves for only $3.5 billion. Soon afterwards gold prices rocketed and the gold was worth $16.4 billion meaning his action had lost us a considerable amount that could have been spent here in Britain. However, why was Brown so determined to sell at the worst moment imaginable ? Later it transpired he did it to support his mates in the EU, by supporting the failing euro. A currency we were not, nor never would be, members of. This shows where Browns loyalties lied, not with his own country Britain, but with the EU.
Brown shafted us all !
We desperately need a labour government
Nope.
@@chrisj9700Yeah, it’s hardly a model of actual government when the Welsh Labour executive derive most of their funding from the Tories who have a vested interest and the incompetence to match needed to run down public services and the like.
He did so well with the banking system resulting in the 2008 financial crash and the NHS Dentist contract which has been a disaster.
Did he sell are gold reserves at a all time low in price
No, he didn't. He sold half at most. Look it up. Saved the UK from recession.
@DellaWilliams-vo3ez and announced it in advanced and sold at rock-bottom
в
If the United States steals $600 billion of Russian investments, then all countries will not invest money in American investments. The United States always steals money, resources (Syria oil), steals loans that are invested in America.
@user-cs5ox4og2p
Imagine he had sold off all the housing stock cheap.
To be clear, this argument is predicated on economic illiteracy. The value of gold at that time was largely based on the value of currencies in terms of demand, and confidence. The value of gold going up was a consequence of a sharp change in those around the financial crisis. In many ways, the gold market and other similar markets are pushed by extant investors in order to increase value, but the justification almost never materialises, save in the ponzi scheme sense.
If he could have predicted the crisis and thus the proximal cause, and only a few people did, anywhere, he would have had better things to do than worry about the price of gold.
If he could not predict it, then he had no reason to assume that increase in value at the time.
There's a lot of ignorance around this topic, because it's a cheap headline style piece of information, but it's not a valid criticism whatsoever, and anyone with a shred of actual knowledge is aware of that, but it works precisely because most people do not possess the context.
Gordon Brown before The financial crash 2008... "No more boom and bust!.. No more boom and bust!.. No more boom and bust!" 2008 💥... Emm... Oops! 🥴
The bust didn't start in the UK did it, did any country in the world escape what the US started?
Was not Gordans fault
shush, your ignorance is showing
@@chrisj9700 He was following the US market. The US deregulated the mortgage market, dropping proper credit checks, allowing the creation of CDOs and derivatives, but the key aspect here was passing legislation that dropped the requirement of financial institutions to have a safe portion of their assets to be easily liquidated. That was something that was deemed as 'removal of red tape' at the time, and Brown was somewhat politically pressured into doing it. Had the Conservatives been in power, they would, undoubtedly, have gone even further. The overall earthquake was caused by the US markets realising that their assets were built on bad consumer credit, but what we faced in the UK was a domino effect that rippled across the pond when the US government, rather than bailing out Lehman Brothers, allowed it to collapse, which in turn meant that every financial institution that Lehman Brother's owed to then had to mark those assets as red on their books, causing a chain reaction of collapses until the UK was forced to step in for Lloyds TSB, learning from the mistake of the US government..
The Trouble with Brown was he was too clever for the public . Plus he didnt have enough charisma. He wasn't perfect but he was very thorough
"No more boom/bust" Brown, chancellor who led the country into the greatest recession ever experienced. He rode a wave of benign economic times and had no idea that by taxing and borrowing he was taking away the UKs safety net
He did not. The whole world went into recession. Not him
@@maneshipocratestry reading before commenting. I stated why he limited the UKs ability to cushion the recession. He turned on the spending taps and the country has not been able to turn them off since - that is his legacy
It is a lie. The UK had no big manufacturing base, and the economy depended on financial services, real estate, and retail sales for growth - which was exposed to careless borrowing, lending etc. You should be the one to read. People who think they know more than experts voted for Cameron, then Boris, then Truss and now Sunak. These people refused to listen to experts on how to take the 2008 crisis, and what cause it; and then totally refused the warnings about Brexit. The point is people like you, together with those people blame him and Labour for causing the recession in 2008. But refuse to acknowledge the Conservatives have made everything worse.@@vvwalker7261
Where's our gold Gordon?
Sold the Gold cheap and removed tax relief on share dividends causing massive damage to the private pensions 😢
NO
He gave low income household kids the opportunity with a semi trust fund. Parents put 50 pounds and they gov matched it. When they turned 18 they had nearly 10k.
Gordon Brown was totally out of his depth as pm. Probably the worst pm we ever had.
Not us up here in Scotland Blair and him sold Scotland down the river and changed our maritime borders so they can keep him we will be independent soon and claim our right
As usual, a nationalist speaking for all of Scotland. A lot of us respect Brown for the man of integrity that he was. No theft of party funds to buy camper vans for a start.
He sold all the country's gold at an all time low
Not every politician gets it right 👍🏻
No he didn't. He sold half the gold at most, which among other things stopped the UK from going under. Lots of other countries followed Brown's policies. You are stuck on something demonstrably untrue, look it up and educate yourself.
pssst, your ignorance is showing
Your correct, half the gold. Still a terrible move. He could of borrowed against it. You don't sell assets in an inflationary economy@@ZoeKav123
@@Billygoatmanstan No. I have studied this in detail, my line of work. It was the only option at the time. You're suggesting we borrowed even more? With the banks in crisis? Whatever, a deep recession was avoided. What happened with our assets since 2010 have been a thousand times worse, I assure you.
Oh yeah!? Is that why he sold all our gold at Rock bottom prices?
New Labour times,
Mostly on a growing economy. Then the Iraq war, and melt down in 2008. The peril of getting into bed with capital.
GB was a decent man. Gold standard in comparison to today’s Tory’s.
Brown should hsve stayed chancellor and Blair PM.
They probably would have won more terms together.
Everything was working well. Until the banks messed it up.
Gordon brown was the best torie chancler we had for decades the man was a true libal capitalist . If you like that sort of thing.
UK needs all the help she can get...
Respectfuly, no. Labour will have to step away from conventional economics to make the economy work. PM Brown isn't the person to do that.
More Facts Prove that voters should Never trust Politicians..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 Quentin Letts[11] to the mistakes in 1992 that led to Black Wednesday, when the UK was forced to withdraw from the European Exchange Rate Mechanism, which HM Treasury has estimated cost the UK taxpayer around £3.3 billion..... Tony cuenca
Wake up Kate 😂😂😂
Corbyn?
Re-engage with what bad choice 1 vs bad choice 2.
Who's gonna blame me for sacking that lot and being a Socialist?? 😂😂
Gordon was a no messing chancellor he knew numbers better than most and he knew bullpoop from bullpoop he only had the best advisors possible unlike the group rishi has now. Gordon brought together alot of world leaders to london and fixed the issue to the best of his capabilities. The downfall of gordon sadly was a bad mistake but we now need him back even advising the labour party choice of deputy chancellor she herself is well educated but her and gordon brown would be a dream team to fix the economy.
Your joking he nearly destroyed the country.
I remember it well the financial crash that took my pension
he sold the gold and that bad, but still he was better than the rest.