Current:Home > MarketsFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -InfiniteWealth
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
Poinbank View
Date:2025-04-08 21:10:22
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! (4241)
Related
- Highlights from Trump’s interview with Time magazine
- Traces of cyanide found in cups of Vietnamese and Americans found dead in Bangkok hotel, police say
- Most memorable national anthems as country star Cody Johnson readies for MLB All-Star gig
- Oregon award-winning chef Naomi Pomeroy drowns in river accident
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Christina Hall and Josh Hall Do Not Agree on Date of Separation in Their Divorce
- Remains of World War II POW who died in the Philippines returned home to California
- An order blocking a rule to help LGBTQ+ kids applies to hundreds of schools. Some want to block more
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Argentina faces calls for discipline over team singing 'racist' song about France players
Ranking
- The White House is cracking down on overdraft fees
- Ingrid Andress says she was 'drunk' during national anthem performance, will check into rehab
- Patriots receiver won’t face prosecution over online gambling while at LSU
- Exploring the 403(b) Plan: Quantum Prosperity Consortium Investment Education Foundation Insights
- South Korean president's party divided over defiant martial law speech
- Savannah Chrisley Shares Heartache Moment After Getting Custody of Siblings Grayson and Chloe
- Forest fire breaks out at major military gunnery range in New Jersey
- USWNT has scoreless draw vs. Costa Rica in pre-Olympics tune-up: Takeaways from match
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Rachel Lindsay Ordered to Pay Ex Bryan Abasolo $13,000 in Monthly Spousal Support
College pals, national champs, now MLB All-Stars: Adley Rutschman and Steven Kwan reunite
What is 'Hillbilly Elegy' about? All about JD Vance's book amid VP pick.
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Cody Johnson sings anthem smoothly at All-Star Game a night after Ingris Andress’ panned rendition
After 19-year-old woman mauled to death, Romania authorizes the killing of nearly 500 bears
Liv Tyler’s 8-Year-Old Daughter Lula Rose Looks So Grown Up in Rare Photos