Nationalisation of Northern Rock (2008)
The first UK bank run in over a century led to the bank being taken into public ownership
Prime Ministers · 21st century
1951– · British (Scottish)
Labour
In office: 2007–2010
Gordon Brown was Chancellor of the Exchequer for ten years under Tony Blair, the longest continuous tenure since the 1820s, before succeeding him as prime minister in 2007. His premiership was dominated by the 2008 financial crisis, when Britain nationalised Northern Rock, recapitalised its banks and hosted the 2009 London G20 summit. After the 2010 election produced a hung parliament he resigned, making way for the Cameron–Clegg coalition.
Nationalisation of Northern Rock (2008)
The first UK bank run in over a century led to the bank being taken into public ownership
The 2008 bank recapitalisation plan (2008)
Government stakes in RBS and Lloyds; copied internationally, prompting his Commons slip that 'we not only saved the world'
The London G20 summit (2009)
World leaders agreed a large package of support for the global economy
'The election that never was' (2007)
Speculation about a snap autumn election he then called off
The 'bigoted woman' remark about Gillian Duffy (2010)
Caught on a live microphone in Rochdale during the election campaign
Official apology for the treatment of Alan Turing (2009)
Government apology after a public petition
Climate Change Act 2008 (2008)
Set the world's first legally binding national carbon reduction target