Preheat the oven to 350 F.
Prepare a 9 by 5-inch loaf pan by greasing it with butter, vegetable oil or cooking spray.
Place the honey, brown sugar and water in a large sized saucepan.
Heat over medium high heat for 5 minutes, whisking occasionally, until it comes to a boil.
Remove from the heat and stir in half of the flour. Set aside.
Next, take a large sized bowl and whisk the eggs well.
Add the rest of the flour, along with the baking powder, baking soda, and spices.
Add in the honey mixture and mix with a wooden spoon or rubber spatula until combined.
Pour into the loaf pan and smooth down the top.
Bake for approximately 45 minutes, until a toothpick inserted into the centre comes out clean.
Place the loaf pan on a baking rack to cool.
Pop the cake out of the pan after 10 minutes.
Place back on the rack to cool completely before cutting.