Alistair, Baron Darling of Roulanish is Hamburg Summit keynote
The Rt Hon the Lord Darling of Roulanish is the keynote for the Autumn Pan-European Fund Selector Summit taking place 28-30 September at the Hotel Sofitel Hamburg Alter Wall.
Darling served as the UK’s chancellor of the Exchequer from 2007 to 2010, during the most turbulent and far-reaching economic crisis the world had seen for 60 years. He introduced the measures needed to avert a collapse of the banking system, and played a leading part in restoring stability to global financial markets.
He worked as a solicitor in Edinburgh before being called to the Scottish Bar and entering the UK Parliament. He became chief secretary to the Treasury in Labour prime minister Tony Blair’s first Cabinet, moving to the Work & Pensions department, then taking joint responsibility for the Scotland Office and the Department for Transport. His final role under prime minister Blair was at the helm of Trade & Industry, after which Gordon Brown promoted him to the Treasury.
As chancellor, Alistair Darling was widely credited with preventing recession from spiralling into a repeat of the Great Depression. By the time he left office, government borrowing was less than forecast, and unemployment and repossessions were both lower than many had anticipated. Looking forward he believes that the UK Labour Party must stay in the centre ground, and that the country will not be able to adapt to future needs unless both private and public sectors work together.
Having left parliament after 28 years, and after leading the campaign to keep Scotland in the UK, Darling now looks at the events in Westminster and the financial markets with a new perspective. He also has more time to enjoy fishing and walking in the Hebrides, and spending time in the family croft. His love of the island of Lewis led journalist Magnus Linklater to celebrate his “perfect balance of Gaelic romanticism and Edinburgh canniness.”