Interesting how perceptions differ.
'In January 1968, a few weeks after the devaluation of the pound, Prime Minister Wilson and Healey announced that British troops would be withdrawn in 1971 from major military bases in South East Asia, "East of Aden", primarily in Malaysia and Singapore[12][13][14] as well as the Persian Gulf and the Maldives[15] (both of which are sited in the Indian Ocean), which is when the phrase "East of Suez" entered the vernacular. However Edward Heath* sought to reverse this policy, and the forces were not fully withdrawn until 1976.'
https://en.wikipedia.org/wiki/Denis_Healey
[* from the opposing Conservative party, and later to become PM himself]
Healey together with then PM Wilson probably did more than any other UK government to damage the UK. 75% taxes on higher earners => 'The Brain Drain' to the US. Plus umpteen other typically socialist destructive policies that ended up with the UK bankrupt and being bailed out by the IMF. I've mentioned before a period in my childhood when the state issued ration books, probably for the 1st time during peace-time, for basics, flour, meat, milk, butter, petrol, etc., well that was Labour and down to people like Healey...
'Healey said the party and the country must face the consequences of Labour's policy of the redistribution of income and wealth; "That is what our policy is, the party must face the realities of it"'
I.e. take from the wealthier, in order to create an electoral 'client state' of the less well off. Similar to what Blair later attempted, but Blair's approach was way more polished, nuanced and finessed.