Unlike Hank Paulson's rescue package, which was universally derided (and will probably not work), Alistair Darling's rescue package was universally acclaimed as well-designed. Indeed, Italy, Spain, Sweden, and Denmark have said they will be copying it. And Paulson in the USA now says he might change his plan and adopt ours after all. Markets are rallying on the hope that now a credible plan is on the table, every government affected will copy it.
It's actually very hard to produce a sane and comprehensive resuce package under pressure (as we have seen from responses in the USA, Ireland and Germany), so Alistair Darling turns out to be the man of the moment. It also turns out that Alistair Darling was speaking straight when he told the Guardian some months ago that we might be seeing the worst global storm for 60 years. Many, including myself, thought he was being hasty. Actually, he was merely a man completely on top of his brief and making preparations for the worst - and his plan is well-designed because he understood before others what was at stake and took the time to start preparations in the summer.
I'm glad he is chancellor.