Starmer’s New Finance Adviser: The Man Who Cost Britain Billions

Sir Keir Starmer faces a fresh crisis after a new report, revealed by GB News, lays bare the staggering financial damage caused by his recently appointed Special Reviewer on Global Finance and Cooperation, Gordon Brown. The report details how Brown’s past decisions cost the UK taxpayer tens of billions of pounds.

Brown’s Costly Legacy Exposed

The exclusive report, compiled by FACTS4EU in collaboration with Stand for our Sovereignty and The Campaign for an Independent Britain, details three major financial blunders linked to Gordon Brown. Sir Keir Starmer appointed Brown earlier this month, a move that prompted “bafflement” among MPs, according to GB News.

Lord Redwood, a former Conservative minister, told GB News that Brown’s advice was “infallibly wrong,” suggesting Starmer should “do the opposite.” An anonymous Labour MP reportedly told the BBC the appointment was “a joke,” adding, “There is no question to which bringing these two back is the answer.”

Billions Lost Under Brown’s Watch

The report highlights several key financial decisions made or supported by Gordon Brown that led to massive losses for the British taxpayer:

• In May 1999, Brown, as Chancellor, requested the Treasury sell a significant portion of the UK’s gold reserves when prices were at a 20-year low. FACTS4EU calculated that the same amount of gold would be worth £43.5 billion today.
• Brown also played a substantial role in the Royal Bank of Scotland (RBS) crisis. He supported RBS’s massive EU acquisition of ABN Amro, which overstretched the bank and led to its collapse.
• The taxpayer was forced to become the majority shareholder of RBS, costing £10.5 billion initially, and rising to a total of £45.5 billion by December 2009 as the country’s ownership increased to 84.4 per cent.
• Brown was a strong proponent of the UK joining the European Exchange Rate Mechanism (ERM) in 1990. The government website confirms that Britain’s forced exit from the ERM in 1992, known as ‘Black Wednesday,’ cost the UK Treasury £3.3 billion.

What This Means for Britain

This report exposes the financial track record of an individual now advising the Labour government on global finance, raising serious questions about the judgement of Sir Keir Starmer.

The sale of gold reserves at historic lows means your country missed out on billions in potential gains, money that could have been used for public services or tax cuts today.

The colossal £45.5 billion taxpayer bailout of RBS, an institution Brown supported in its disastrous EU expansion, ultimately came out of your pocket, diverting funds from other vital areas.

Gordon Brown’s advocacy for the ERM directly contributed to ‘Black Wednesday,’ costing the UK Treasury £3.3 billion and leading to inflation and recession for ordinary families.

This history of costly decisions, now revealed by GB News, shows a pattern of economic misjudgement that directly impacted the wealth and stability of the British people.

Share if you believe those advising our leaders should have a track record of sound financial management, not costly blunders.

This article is a factual summary of reporting by GB News. Full original story available on their website. All quotes directly attributed.

Source: GB News | Breaking Brexit News