On This Day: Britain asks the IMF for a loan Opinion 49 years ago today, sterling crashed to its lowest ever point against the dollar. Denis Healey stared down his socialist opponents and asked the IMF for a loan – paving the way for Margaret Thatcher’s election victory, writes Eliot Wilson Denis Winston Healey, chancellor of the Exchequer (1974-79) and Labour’s indomitable intellectual brawler, soaked up [...]
