Alistair Darling

Chancellor of the Exchequer under prime minister Gordon Brown from 2007 to 2010.

One Sunday in October 2008, Alistair Darling flew back from Washington to find Britain on the brink of banking meltdown. 

The chancellor was told by his Treasury officials that unless a rescue plan was announced by the time the City opened for business the following morning, there was no guarantee that cashpoints would work and that cheques would be honoured.

The possibility of global financial implosion concentrated minds wonderfully; bailout plans were announced that ensured disaster was averted. Co-ordinated and collective action meant there was no return to the 1930s, and within six months most countries were recovering.

https://englundmacro.blogspot.com/2025/07/alistair-darling.html


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