Britain's economic problem is fundamentally far greater tha… - Denis Healey

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Britain's economic problem is fundamentally far greater than France's since France is much less dependent on foreign trade and imported raw materials. Moreover Britain has economic relations with her Commonwealth whose importance outweighs the potential benefits of economic co-operation with Europe. For example, by 1952 over half Britain's foreign trade will be with the Commonwealth as against 22 per cent with Europe. Also Britain's imports from the Commonwealth are mainly indispensable raw materials, whereas her imports from Europe are less essential.

Denis Healey

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About Denis Healey

Denis Winston Healey, Baron Healey PC (30 August 1917 – 3 October 2015) was a British Labour Party politician who served as Secretary of State for Defence from 1964 to 1970 and Chancellor of the Exchequer from 1974 to 1979. He was a Member of Parliament for 40 years (from 1952 until his retirement in 1992) and was the last surviving member of the cabinet formed by Harold Wilson after the Labour Party's victory in the 1964 general election.

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Alternative Names: Denis Winston Healey, Baron Healey • Denis Winston Healey • Denis Winston, Baron Healey

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James Callaghan Roy Jenkins Edward Heath Margaret Thatcher Harold Wilson

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Britain's economic problem is fundamentally far greater than France's since France is much less dependent on foreign trade and imported raw materials… - Denis Healey

About Denis Healey

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