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Friday, June 29, 2007

New Chancellor

Gordon Brown, now the new Prime Minister, has finally had to relinquish his role as Chancellor after a ten year stint.

In his place he as appointed long time friend and associate, Alistair Darling.

Those of you expecting major changes in economic policy will be sorely disappointed. Darling's arrival in the Treasury confirms that there will be no major change in economic policy.

Darling was appointed as Brown's deputy in the Treasury 10 years ago.

In 1998 he was appointed Social Security Secretary, after Harriet Harman was fired and Transport Secretary in 2002 following the resignation of Stephen Byers. A year later he took on the additional responsibility of Scottish Secretary.

In 2005, he became Trade and Industry Secretary, again working closely with Mr Brown.

The message being, business as usual.

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