Paul Myners, a former Telegraph journalist who helped Gordon Brown rescue British banks, has died at the age of 73.

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After entering the House of Lords on Labor benches in 2008 as a lifelong peer, he became a crossbench peer in 2014.

In later years, he found himself at odds with the Labor Party’s left-wing move, and in 2019 he told the BBC he contributed a “significant” sum to what became Change UK, a breakaway group of centrist MPs including Chuko Umunna and Anna Soubry. .

Lord Darling, the chancellor at the time of the financial crisis, described him as “a huge help” and someone who “really made a very important contribution and had a good time in the office”.

“He was able to speak to bankers in a language they understand,” he said, adding that it was Myners who would convince bank directors that bailing out their banks meant losing their jobs.

A statement from his children said: “It is with great sadness that we announce the loss of our beloved father, Lord Paul Myners. He passed away peacefully in the early hours [Sunday] this morning at Chelsea & Westminster Hospital. We will miss him very much and in our hearts forever. ”

He is survived by four sons and a daughter and five grandchildren.

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