Former chancellor Nigel Lawson has died at the age of 91.

Prime Minister Rishi Sunak said Mr Lawson “was a transformational chancellor and an inspiration to me and many others” as he paid tribute on Twitter.

Mr Lawson was a Conservative MP representing the constituency of Blaby from 1974 to 1992, and served in Margaret Thatcher’s cabinet from 1981 to 1989.

He was appointed chancellor in June 1983 and served until his resignation in October 1989.

Mr Lawson had six children including celebrity chef Nigella Lawson and journalist Dominic Lawson.

Tributes from the world of politics began pouring in following his death.

Former prime minister Boris Johnson said Mr Lawson was “a fearless and original flame of free market Conservatism”.

“He was a tax-cutter and simplifier who helped transform the economic landscape and helped millions of British people achieve their dreams,” he added.

“He was a prophet of Brexit and a lover of continental Europe. He was a giant. My thoughts and prayers are with his family.”

Foreign Secretary James Cleverly called Mr Lawson “a true statesman”, adding: “His contributions to this nation will not be forgotten.”

Deputy Prime Minister Dominic Raab said Mr Lawson was “a giant who changed the political weather, a lodestar for Conservatives, and a kind man always generous with his wisdom”.

Tory Party chairman Greg Hands said Mr Lawson will be remembered “for his clarity of thinking, commitment to free market economics and willingness to challenge orthodoxies”.

Former Home Secretary Priti Patel called him a “giant of British politics and a strong champion of free market Conservative values”.

She said: “A generation of families and businesses have benefited from the economic freedoms he delivered for our country. He will be greatly missed and my thoughts and prayers are with his family.”

Born in Hampstead, northwest London, on 11 March 1932, the son of the owner of a tea-trading firm climbed his way to the top of British politics after an education at Westminster School and Oxford University.

His political life started at Oxford, where he did Philosophy, Politics and Economics – like so many politicians – but began his working life carrying out national service as a Royal Navy officer.

Lord Lawson, as he was to become, then became a financial journalist for 14 years before entering politics at the age of 42.

He served a number of positions in Mrs Thatcher’s government before she appointed him as chancellor – a position that ensured he would go down in the history books.