Why John Healey must avoid becoming the second Healey to send Britain’s finances off the rails

HISTORY has a habit of coming back to haunt our politicians. Fifty years after Denis ­Healey’s policies plunged ­Britain into economic turmoil, the nation’s finances now lie in the hands of another Chancellor called Healey. Like his bushy-browed predecessor, John Healey faces strikingly similar challenges — stagnant growth, high inflation and rocketing oil prices. But...