Alistair Darling, who served as chancellor under then prime minister Gordon Brown, has died at the age of 70.
His family confirmed the news about the Labour peer on Thursday.
Lord Darling became a household name when Gordon Brown appointed him chancellor after taking the keys to Number 10 back in 2007.
He ran the Treasury throughout the global banking crisis, and stayed in post until Mr Brown lost the election in 2010.
But he was a presence in Tony Blair’s government from the start, beginning as chief secretary to the treasury in 1997 following Labour’s landslide victory, and going on to run a number of departments – including work and pensions, transport and trade.
He was a member of parliament from 1987 until he stepped down in 2015.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.