Tuesday, June 26, 2007

Tony Blair Retires as U.K. Prime Minister, Hands Power to Gordon Brown

(Bloomberg) -- Tony Blair retires today as U.K.
prime minister and hands power to Chancellor of the Exchequer
Gordon Brown, who will bid to restore the ruling Labour Party's
flagging popularity and ensure a fourth straight election win.

Blair, 54, was Labour's most successful leader, winning
three elections since 1997. He forced the Conservative opposition
to support the National Health Service and to drop a long-
cherished commitment to tax cuts, then lost support by joining
the invasion of Iraq in 2003. He still defends the decision.


Read more at Bloomberg Currencies News

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