Current:Home > InvestFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -TrueNorth Finance Path
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
View
Date:2025-04-14 18:19:37
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! (12)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- To get by in a changing climate, plants need animal poop to carry them to safety
- California just ran on 100% renewable energy, but fossil fuels aren't fading away yet
- Tour de France crash reportedly caused by fan taking selfie draws pleas for caution
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- North Korea launches ballistic missile, South Korea says, two days after claiming to repel U.S. spy plane
- Joe Alwyn's Next Film Role After Taylor Swift Breakup
- The U.S. pledged billions to fight climate change. Then came the Ukraine war
- B.A. Parker is learning the banjo
- Shop the 15 Coachella Essentials Chriselle Lim Is Packing for Festival Weekend
Ranking
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Monica Aldama Teases What's Next for Cheer's Biggest Stars
- Record-breaking heat, flooding, wildfires and monsoons are slamming the world. Experts say it's only begun.
- Bling Empire’s Kelly Mi Li Gives Birth, Welcomes First Baby With Boyfriend William Ma
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- A high school senior reflects on her community's resilience after a devastating flood
- Extreme weather in the U.S. cost 688 lives and $145 billion last year, NOAA says
- This Adorable $188 Coach Outlet Bag Is Currently on Sale for $75— & Reviewers Are Obsessed
Recommendation
Could your smelly farts help science?
Jamie Foxx Suffers Medical Complication
Céline Dion Releases New Music 4 Months After Announcing Health Diagnosis
Let Adam Brody Be Your One and Only Source Into How He Met Leighton Meester
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Oregon's ambitious sustainable power plant
Flooding kills at least 259 in South Africa
Last Day To Save Up to 50% On Adidas Shoes, Clothes, and Accessories