What Gordon Brown's premiership will mean for investors

Nil points. That's James Ferguson's verdict on the Brown decade. And if his track record as chancellor is anything to go by, we should be very worried about what Gordon has in store for us when he becomes prime minister. Here's how to Brown-proof your portfolio.

Gordon Brown will almost certainly be the next prime minister. Unfortunately, we know next to nothing about what he has in store for us. If his track record is any guide, we should be worried, says James Ferguson

Gordon Brown is the self-styled prudent' chancellor. He likes us to think of him as cautious, rational and wise. But the fact is that outside of Labour's inner quorum, few people have any idea what the chancellor is really like, or what he plans for the country. Frankly, Brown's vision seems to always have been to make prime minister. That alone has been the goal which he now looks set to achieve.

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James Ferguson qualified with an MA (Hons) in economics from Edinburgh University in 1985. For the last 21 years he has had a high-powered career in institutional stock broking, specialising in equities, working for Nomura, Robert Fleming, SBC Warburg, Dresdner Kleinwort Wasserstein and Mitsubishi Securities.