Current:Home > StocksFormer UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died -Mastery Money Tools
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
View
Date:2025-04-11 13:53:36
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! (813)
Related
- Don't let hackers fool you with a 'scam
- California lawmakers approve the nation’s most sweeping emissions disclosure rules for big business
- Colorado deputies who tased a man multiple times are fired following an investigation
- Photos from Morocco earthquake zone show widespread devastation
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- British foreign secretary visits Israel to highlight close ties at precarious time for the country
- How to help those affected by the Morocco earthquake
- 'Star Wars' Red Leader X-wing model heads a cargo bay's worth of props at auction
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Spicy food challenges have a long history. Have they become too extreme?
Ranking
- The company planning a successor to Concorde makes its first supersonic test
- 1958 is calling. It wants its car back! Toyota Land Cruiser 2024 is a spin on old classic
- Blake Lively Makes Golden Appearance at Michael Kors' Star-Studded New York Fashion Week Show
- Tip for misogynistic men: Stop thinking you're entitled to what you aren't
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- California lawmakers approve the nation’s most sweeping emissions disclosure rules for big business
- North Carolina man charged with animal cruelty for tossing puppy from car window: report
- Cyberattack shuts down IT systems at MGM hotels in Las Vegas
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
When does 'Welcome to Wrexham' Season 2 come out? Release date, trailer, how to watch
6 people fatally shot in Greece, at a seaside town near Athens
NFL Sunday Ticket: How to watch football on YouTube TV, stream on YouTube for 2023 season
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
One peril facing job-hunters? Being ghosted
Photos from Morocco earthquake zone show widespread devastation
Candidate in high-stakes Virginia election performed sex acts with husband in live videos