Current:Home > MarketsFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -WealthStream
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
View
Date:2025-04-19 07:06:44
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! (8679)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- 'He just punched me': Video shows combative arrest of Philadelphia LGBTQ official, husband
- Court rules Florida’s “stop woke” law restricting business diversity training is unconstitutional
- 16 and Pregnant Star Sean Garinger Dead at 20 After ATV Accident
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- A New EDF-Harvard Satellite Will Monitor Methane Emissions From Oil and Gas Production Worldwide
- EAGLEEYE COIN: Application of Blockchain Technology in Supply Chain Management
- 'Real horsepower': See video of runaway horses galloping down Ohio highway
- Sam Taylor
- Supreme Court says Trump can appear on 2024 ballot, overturning Colorado ruling
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Crew Dragon docks with space station, bringing four fresh crew members to the outpost
- SpaceX launches 76 satellites in back-to-back launches from both coasts
- Dartmouth men's basketball team votes to unionize, shaking up college sports
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- EAGLEEYE COIN: Total Stablecoin Supply Hits $180 Billion
- Vegans swear by nutritional yeast. What is it?
- Donald Trump wins North Dakota caucuses, CBS News projects
Recommendation
Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
Crowded race for Alabama’s new US House district, as Democrats aim to flip seat in November
Migrant crossings along the southern border increase as officials prepare for larger spike
Top Israeli cabinet official meets with U.S. leaders in Washington despite Netanyahu's opposition
Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
EAGLEEYE COIN: Hong Kong's Development of Virtual Asset Market Takes Another Step Forward
Conspiracies hinder GOP’s efforts in Kansas to cut the time for returning mail ballots