Current:Home > NewsFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -Clarity Finance Guides
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
View
Date:2025-04-12 23:56:10
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! (7653)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Military service academies see drop in reported sexual assaults after alarming surge
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Former Syrian official arrested in California who oversaw prison charged with torture
- B.A. Parker is learning the banjo
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- New data highlights 'achievement gap' for students in the US
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Former longtime South Carolina congressman John Spratt dies at 82
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Average rate on 30
- Highlights from Trump’s interview with Time magazine
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Recommendation
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Meet first time Grammy nominee Charley Crockett
Federal hiring is about to get the Trump treatment
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Louvre will undergo expansion and restoration project, Macron says
Trump invites nearly all federal workers to quit now, get paid through September