Blair Points To Successor

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• Upset Election Victory Gives Brown a Boost

  Nov 7, 08 7:51 AM CST
  Labour won a stunning come-from-behind victory in a special election in Scotland early this morning, reports the Times of London, offering the first evidence that Gordon Brown's political recovery may be lasting. The election was called after the death of a Labour MP. The seat looked set to go to the separatist Scottish Nationalist Party, and Brown's team expected to lose even after polls closed last night.
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• Brown Surges 11 Points in Latest Poll

  Oct 28, 08 9:42 AM CDT
  A new poll for the Independent shows that Gordon Brown, Britain's once seemingly doomed prime minister, has surged 11 points as the financial crisis continues. The poll put support for the opposition Tories at 39%, Labour at 31%, and the third-party Liberal Democrats at 16%. Where once the Tories were cruising to victory, an election held today would produce a hung parliament—one where no party commanded a majority.
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• Pound Craters After Latest Grim Stats

  Oct 24, 08 5:08 AM CDT
  The British economy shrank by 0.5% last quarter, all but confirming that the UK is in its first recession since 1991, reports the Times of London. The decline is greater than expected, and this week both the prime minister and the head of the Bank of England acknowledged that a recession is likely. The news sent the pound falling, dipping to $1.56 for the first time in five years.
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• Lloyds CEO Vows Bonuses, Despite Bailout

  Oct 21, 08 6:51 AM CDT
  The CEO of Lloyds had promised staff that they will receive bonuses even though the British banking giant is being bailed out by the government. Employees were told that Lloyds faced "very, very few restrictions" after taking up to $9.4 billion in government money, reports the Guardian. Lloyds is currently undertaking a buyout of HBOS brokered by Prime Minister Gordon Brown, who had promised "an end to rewards for failure."
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• How Brown Became a Superhero

  Oct 15, 08 8:25 AM CDT
  Unpopular at home and nearly invisible on the world stage, Gordon Brown endured a tough ride during his first year in power. But the global financial crisis has transformed the British prime minister, who now finds himself in the unlikely position of international superstar. As Europe, Australia, Hong Kong, and the US all emulate his recapitalization plan, Brown's once seemingly doomed premiership is looking up.
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