6.4 C
London
Monday, February 26, 2024

Ex-UK Treasury chief Alistair Darling, who steered nation by credit score crunch, dies

Must read

- Advertisement -


British ex-Treasury chief Alistair Darling has died at age 70

ByThe Related Press

November 30, 2023, 9:13 AM

FILE – British Chancellor, Alistair Darling speaks to the media about financial system in a press convention in London, Monday, April 19, 2010. Darling, a central determine within the U.Okay.’s response to the 2008 monetary disaster who later helped arrange the marketing campaign towards Scottish independence, has died it was reported on Thursday, Nov. 30, 2023. He was 70 and had been handled for most cancers, his household stated in assertion. Darling served as Britain’s treasury chief underneath former Prime Minister Gordon Brown, who praised him as a “widespread and efficient’’ authorities minister. (AP Photograph/Sang Tan, File)

The Related Press

- Advertisement -

LONDON — Former British finance minister Alistair Darling, a central determine within the U.Okay.’s response to the 2008 monetary disaster who later helped arrange the marketing campaign towards Scottish independence, has died. He was 70.

Darling had been handled for most cancers and died in a hospital in Edinburgh, his household stated in a press release on Thursday. He served as Britain’s Treasury chief between 2007 and 2010 underneath Labour Prime Minister Gordon Brown, who praised him as a “widespread and efficient’’ authorities minister.

Although Darling held a wide range of posts throughout his 28 years within the Home of Commons, he’s prone to be remembered most for his work in steering the nation’s funds throughout the world credit score crunch. The bundle of measures he carried out had been credited with stopping an much more dramatic slide after the disaster threatened the nation’s banking system.

“Alistair shall be remembered as a statesman of unimpeachable integrity whose life was outlined by a robust sense of social justice and who gained a world popularity for the assured competence and the train of thought-about judgment he dropped at the dealing with of financial affairs,” Brown stated.

When Scotland held a referendum on whether or not to depart the United Kingdom and grow to be impartial in 2014, Darling was appointed to chair the “Higher Collectively” marketing campaign. Voters backed remaining within the U.Okay. by a margin of 55% to 45%.

Former Scottish Nationwide Celebration chief Alex Salmond, who led the pro-independence marketing campaign within the referendum, remembered Darling as a “vastly vital determine in U.Okay. politics” and “a particularly courteous man.”

Former Prime Minister Tony Blair, who appointed Darling to a number of authorities roles between 1997 and 2007, stated he had been “extremely succesful, although modest, understated however by no means to be underestimated, all the time variety and dignified even underneath the extraordinary stress politics can generate.”

“He was the most secure of protected fingers. I knew he might be given any place within the Cupboard and be depended upon,” Blair added.



Source link

More articles

- Advertisement -

Latest article