Current:Home > ContactFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -Global Finance Compass
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
View
Date:2025-04-15 15:18:11
LONDON (AP) — Alistair Darling, a central figure in the U.K.’s response to the 2008 financial crisis who later helped organize the campaign against Scottish independence, has died. He was 70.
Darling had been treated for cancer, his family said in statement on Thursday. He served as Britain’s treasury chief under then Prime Minister Gordon Brown, who praised him as a “popular and effective’’ government minister.
Though Darling held a variety of posts during his 28 years in the House of Commons, he is likely to be remembered most for his work in steering the nation’s finances during the global credit crunch. The package of measures he implemented were credited with preventing an even more dramatic slide after the crisis threatened the nation’s banking system.
“Alistair will be remembered as a statesman of unimpeachable integrity whose life was defined by a strong sense of social justice and who gained a global reputation for the assured competence and the exercise of considered judgment he brought to the handling of economic affairs,” Brown said.
veryGood! (69691)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Kenny Chesney reveals what he texted Taylor Swift after her Person of the Year shout-out
- Baby giraffe named 'Saba' at Zoo Miami dies after running into fence, breaking its neck
- Powell may provide hints of whether Federal Reserve is edging close to rate cuts
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- She nearly died from 'rare' Botox complications. Is Botox safe?
- Jonathan Majors' ex-girlfriend sues him for assault and defamation
- Federal appeals court order puts controversial Texas immigration law back on hold
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Wisconsin Supreme Court to decide if counties must release voter incompetency records
Ranking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Police commander reportedly beheaded and her 2 bodyguards killed in highway attack in Mexico
- Former NHL enforcer Chris Simon has died at age 52
- Supreme Court lets Texas detain and jail migrants under SB4 immigration law as legal battle continues
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- No Caitlin Clark in the Final Four? 10 bold predictions for women's NCAA Tournament
- Mega Millions jackpot reaches $977 million after no one wins Tuesday’s drawing
- A southeast Alaska community wrestles with a deadly landslide’s impact
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Nevada judge blocks state from limiting Medicaid coverage for abortions
AP documents grueling conditions in Indian shrimp industry that report calls “dangerous and abusive”
The four Grand Slams, the two tours and Saudi Arabia are all hoping to revamp tennis
Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
Old Navy's 50% Off Sitewide Sale Ends Tomorrow & You Seriously Don't Want to Miss These Deals
Blasting off: McDonald's spinoff CosMc's opens first Texas location
Founders of the internet reflect on their creation and why they have no regrets over creating the digital world