Healey, Denis Winston, Baron Healey of Riddlesden

▪ British politician and economist

born Aug. 30, 1917, Mottingham, Kent, Eng.

      British economist and statesman, writer, and chancellor of the Exchequer from 1974 to 1979.

      Healey grew up in Bradford, Yorkshire, and had a brilliant academic career at the University of Oxford. Immediately after World War II he moved into Labour Party politics with a job in the party secretariat. He was head of its international department for seven years before becoming a member of Parliament in 1952. The Foreign Office seemed his natural destination, but instead he was minister of defense for six years (1964–70), then chancellor of the Exchequer when Labour returned to power in 1974. He remained at the Treasury after James Callaghan succeeded Harold Wilson as prime minister in April 1976.

      Healey pushed through tough, even harsh, measures in successive budgets during a period of worldwide economic distress; his attempts to persuade the powerful trade unions to accept limits on wage increases were only partly successful, and union strikes in 1978–79 were largely responsible for the defeat of the Labourites in 1979 and the victory of the Conservative Party under Margaret Thatcher.

      From 1980 to 1983 he was deputy leader of the Labour Party and engaged in numerous battles with the party's left wing. His opposition to the party's endorsement of unilateral British nuclear disarmament cost him considerable support in the party, and he lost his deputy leadership post after the Tory victory in the 1983 election. In the fall of 1983 he became Labour's shadow foreign minister. He retired from the party leadership in 1987. In 1992 he was created a life peer.

      Healey's published works include The Curtain Falls (1951), New Fabian Essays (1952), Neutralism (1955), A Neutral Belt in Europe (1958), NATO and American Security (1959), The Race Against The H Bomb (1960), and Healey's Eye (1980).

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