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Reforming Britain's Economic and Financial Policy:

Towards Greater Economic Stability

HM Treasury
Edited by Ed Balls and Gus O'Donnell
Foreword by Gordon Brown, Chancellor of the Exchequer
Published by Palgrave

The complete foreword by Gordon Brown is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

December 2001

In recent years the UK's macroeconomic policy framework has undergone a period of radical reform to deliver the economic stability necessary to achieve high levels of growth and employment. This book provides a comprehensive account of these reforms, which constitute a new and innovative approach to policy making. Radical changes to the monetary policy framework, the fiscal policy framework, the regime for public spending and financial regulation are presented. Together they constitute a coherent strategy to deliver economic stability and higher employment, growth and rising prosperity. As well as providing an unprecedented insight into UK government economic policy, the book takes the reader through the intellectual foundations of policy reform and the translation of these to applied policy making.

For further information on purchasing the book visit the Palgrave Macmillan website.

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