The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: January 15, 2025
Today: January 15, 2025

Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died

Obit Alistair Darling
November 30, 2023
AP - AP

LONDON (AP) — Former British finance minister 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 and died in a hospital in Edinburgh, his family said in a statement on Thursday. He served as Britain’s Treasury chief between 2007 and 2010 under Labour 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.

Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
Obit Alistair Darling

When Scotland held a referendum on whether to leave the United Kingdom and become independent in 2014, Darling was appointed to chair the “Better Together” campaign. Voters backed remaining in the U.K. by a margin of 55% to 45%.

Former Scottish National Party leader Alex Salmond, who led the pro-independence campaign in the referendum, remembered Darling as a “hugely significant figure in U.K. politics” and "an extremely courteous man.”

Former Prime Minister Tony Blair, who appointed Darling to several government roles between 1997 and 2007, said he had been “highly capable, though modest, understated but never to be underestimated, always kind and dignified even under the intense pressure politics can generate.”

Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
Obit Alistair Darling

“He was the safest of safe hands. I knew he could be given any position in the Cabinet and be depended upon," Blair added.

Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
Obit Alistair Darling

Related

US|Crime|Local|News

Ex-Boyfriend Pleads Not Guilty in Killing of Azusa Teen Cheerleader

Ex-Boyfriend Pleads Not Guilty in Killing of Azusa Teen Cheerleader

Ex-Boyfriend Pleads Not Guilty in Killing of Azusa Teen Cheerleader
Local|Environment|News|US|WrittenByLAPost

What is ‘wildfire containment?’ How to interpret updates on the fires

Firefighters continue to make progress containing the Palisades and Eaton Fires Monday, after the blazes spent almost a week out of control.  Gov. Gavin Newsom announced the Eaton Fire was one-third contained. Meanwhile, the Palisades Fire is hovering around 14% containment. The Kenneth, Sunset, and Lidia Fires are all 100% contained, and the figure for the Hurst sits at 89%. But readers may find this nomenclature confusing. When authorities report that a fire is “contained,” it does not necessarily mean it has been extinguished.  According to Cal Fire, “containment is a measure of the amount of line around a wildfire.

What is ‘wildfire containment?’ How to interpret updates on the fires
Crime|Environment|Political|US

Death Toll Rises to 24 in LA Fires as Santa Ana Winds Return

Death Toll Rises to 24 in LA Fires as Santa Ana Winds Return

Death Toll Rises to 24 in LA Fires as Santa Ana Winds Return
Local|News

More than 5,300 structures believed destroyed in deadly Palisades Fire

The 20,000-acre wildfire that leveled much of Pacific Palisades and left at least two dead, including one body that was removed from the rubble of a home along Pacific Coast Highway, was 8% contained Friday. Los Angeles Fire Chief Kristin Crowley said during a late-afternoon briefing Thursday that two people had died in the fire, although no details were provided. Earlier Thursday, however, representatives of the county Medical Examiner’s Office removed human remains from the ruins of a home in the vicinity of Duke’s restaurant in Malibu. Officials from the sheriff’s department told reporters at the scene that deputies received

More than 5,300 structures believed destroyed in deadly Palisades Fire
Share This

Popular

Local|Crime|News|Political|US

LA County Defends Decision Not to Evacuate Juvenile Hall

LA County Defends Decision Not to Evacuate Juvenile Hall
Local|News

More Santa Ana winds to test L.A. fire containment lines

More Santa Ana winds to test L.A. fire containment lines
Local|News

Palisades fire reaches 17% containment as firefighters prepare for strong winds

Palisades fire reaches 17% containment as firefighters prepare for strong winds
Local|News

Eaton Fire containment reaches 35% as Santa Ana winds return

Eaton Fire containment reaches 35% as Santa Ana winds return