Bid For Labour Leadership
After months of speculation, Gordon Brown formally announced on 11 May 2007 his bid for the Labour leadership and replaced Tony Blair as Prime Minister on 27 June 2007. On Channel 4 News on 16 May 2007, it was announced that Andrew Mackinlay had nominated Brown giving him 308 nominations, sufficient to avoid a leadership contest (although another report states that the decisive nomination was made by Tony Wright with MacKinlay yet to nominate at that point).
Since Blair's announcement of his resignation and Brown's bid for leadership, the Labour Party gained a bounce in the polls, gaining three points after months of low polls trailing behind the opposition, the Conservative Party although they have since lost such a lead.
Brown launched his campaign website the same day as formally announcing his bid for leadership "Gordon Brown for Britain".
Embarrassingly, in 2007, one year before the Global economic crisis, Brown delivered his final Mansion House speech as Chancellor before moving into Number 10; addressing financiers: "A new world order has been created", everyone needed to follow the City's "great example", "an era that history will record as the beginning of a new Golden Age".
Read more about this topic: Premiership Of Gordon Brown
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