Prime minister’s choice of former defence minister surprises allies

Britain’s new prime minister, Andy Burnham, named former defence secretary John Healey to be his chancellor in a surprise move. Read on.

Prime minister’s choice of former defence minister surprises allies

Britain's new Prime Minister, Andy Burnham, names former Defense Secretary John Healey as Chancellor of the Exchequer in a suprise move.

New figures on borrowing reflect Healey’s difficult in-tray just as defence spending pressures come to bite.

J.P. Morgan boss Jamie Dimon, who backed Healey's predecessor, has waded into the U.K.'s political debate.

A former defence secretary is now in charge of a Treasury he once accused of leaving Britain exposed

John Healey has been appointed as Andy Burnham's new Chancellor, a month after dramatically quitting as defence secretary amid an argument about defence funding.