Credit Crunch
Alistair Darling suggests the Government is planning a 100,000 pounds guarantee to cover all savers
Role range: 2007-2010 – 2007-2010
Historical biography archive · Updated 2026-11-03
Alistair Darling Biography and Timeline
Follow Alistair Darling through 25 dated historical records for Great Britain.
Alistair Darling, historical timeline
A chronological timeline drawn from matching World History Database records.
25Distinct records
1 of 1Page
2000–2009Years on this page
2000
2001
Minister of Work
Appointed Secretary of State for Work & Pensions
Role range: 1997-2007 – 2001-
2002
Network Rail
Network Rail assumes ownership and management of the national rail infrastructure.
Role range: 2002-2006
2007
Credit Crunch
Panicked Northern Rock savers rush to empty their accounts as shares in the bank plummet
Role range: 2007-2010 – 2007-2010
Northern Rock
Panicked Northern Rock savers rush to empty their accounts as shares in the bank plummet
Role range: 2007-2010 – 2007-2010
Northern Rock Guarantee
Darling guarantees existing Northern Rock retail deposits to halt depositor withdrawals.
Role range: 2007-2010
Credit Crunch
In an unprecedented move, the Chancellor says the Government will guarantee all savings of Northern Rock customers
Role range: 2007-2010 – 2007-2010
Northern Rock
In an unprecedented move, the Chancellor says the Government will guarantee all savings of Northern Rock customers
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Bank of England announces a ten-billion-pound money-market operation as the Government seeks to ease severe pressure in interbank lending.
Role range: 2007-2010 – 2007-2010
Credit Crunch
Alistair Darling suggests the Government is planning a œ100,000 guarantee to cover all savers
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Treasury extends its Northern Rock guarantee to new retail deposits, aiming to restore depositor confidence while the bank remains dependent on official support.
Role range: 2007-2010 – 2007-2010
2008
Northern Rock Public Ownership
Darling announces that Northern Rock will transfer into temporary public ownership.
Role range: 2007-2010
Credit Crunch
Darling announces that Northern Rock will enter temporary public ownership after private rescue proposals fail to provide acceptable value for taxpayers.
Role range: 2007-2010 – 2007-2010
Nationalization
Alistair Darling announces that Northern Rock will be nationalised
Role range: 2007-2010 – 2007-2010
Credit Crunch
In one of the biggest losses in UK corporate history, RBS reports a pre-tax loss of œ692 million in the first half, after writing down œ5.9 billion on investments hit by the credit crunch
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Government takes Bradford and Bingley's mortgage business into public ownership while its deposits and branch network transfer to Abbey National.
Role range: 2007-2010 – 2007-2010
Bank Recapitalisation
Darling announces capital support, liquidity assistance and guarantees for the banking system.
Role range: 2007-2010
Credit Crunch
Darling announces a major banking rescue combining capital injections, expanded central-bank liquidity and government guarantees for new bank debt.
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Bank of England provides a short-term secured loan of up to 100 million pounds to stricken Icelandic bank Landsbanki "to help maximise the returns to UK creditors". The 37-billion-pound nationallization announcement is the first implementation of a rescue package for banks that was unveiled last week, which made available 50 billion pounds to inject cash into financial institutions in return for shares
Role range: 2007-2010 – 2007-2010
Nationalization
The 37-billion-pound nationalization announcement is the first implementation of a rescue package for banks that was unveiled last week, which made available 50 billion pounds to inject cash into financial institutions in return for shares
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Government establishes UK Financial Investments to manage taxpayer shareholdings acquired through emergency support for major British banks.
Role range: 2007-2010 – 2007-2010
Credit Crunch
Darling announces a temporary cut in VAT to fifteen percent and additional fiscal measures intended to support demand during the worsening recession.
Role range: 2007-2010 – 2007-2010
2009
Credit Crunch
Darling announces a second financial-support package including an Asset Protection Scheme and measures intended to restart lending to households and businesses.
Role range: 2007-2010 – 2007-2010
Credit Crunch
The Treasury publishes Asset Protection Scheme terms as Royal Bank of Scotland agrees protection against exceptional losses on a large portfolio of risky assets.
Role range: 2007-2010 – 2007-2010
Credit Crunch
Lloyds Banking Group agrees in principle to place a large portfolio of troubled assets within the Government's Asset Protection Scheme.
Role range: 2007-2010 – 2007-2010
Records, sources and methodology
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.