Blair ministry the May 1997 election with a 179-seat majority. The Prime Minister Tony Blair, who turned 44 years old days after leading Labour to victory, was the youngest Prime Minister of the twentieth century. Blair quickly wiped away memories of the troubled Labour governments led by Harold Wilson and James Callaghan in the 1960s and 70's as the economic recovery continued and unemployment continued to fall. While other developed countries, notably Japan, were hit by a financial crisis during Blair's first term in office, the British economy remained strong. In September 2000, however, protests against fuel prices intensified across the country
Premiership of Tony Blair Prime Minister for the last time. His successor was widely expected to be Gordon Brown, the-then Chancellor of the Exchequer, who launched his leadership bid on 11 May 2007. The only other politician to formally declare himself a contender for the Labour leadership following Blair's departure was the left-wing Labour MP John McDonnell, who launched his campaign on 14 July 2006. To stand in the leadership contest, candidates required the nominations of 12.5% of sitting Labour MPs—then 44 MPs. On 2 May 2007, on the tenth anniversary of the 1997 general election, Tony Blair announced that he would be stepping