Mohamed A. El-Erian sees reason to hope that the new chancellor can deliver a much-needed structural shake-up.
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Economics
Jul 22, 2026
Mohamed A. El-Erian
By appointing John Healey as chancellor of the exchequer, British Prime Minister Andy Burnham has taken a calculated risk. If Healey can leverage his insider knowledge of the Treasury, pursue a bold, pro-growth agenda, and manage his defense-spending instincts, he may be able to provide the structural shake-up the UK economy needs.
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