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Balls has played a prominent role in the Fabian Society. In 1992, he wrote a Fabian pamphlet advocating Bank of England independence, a policy adopted when Gordon Brown became Chancellor in 1997. Balls was elected Vice-Chair of the Fabian Society for 2006 and Chair of the Fabian Society for 2007. As Vice-Chair of the Fabian Society, he launched the Fabian Life Chances Commission report in April 2006 and opened the Society's Next Decade lecture series in November 2006, arguing for closer European cooperation on the environment.