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

"But investors know it’s the bond market that will call the shots in the $4.2 trillion economy no matter who sits in the prime minister’s office."

Burnham's first challenge will be the choice of his Cabinet team and especially his finance minister. Friction in this axis of government has brought down previous administrations.

Burnham's "bold ambition" is his promise to remake Britain's economy, which is constrained by weak growth, high debt and political turmoil.

John Healey has been appointed Britain’s new Chancellor as Andy Burnham unveils a major shake-up of key Cabinet roles.

Storbritannias nye statsminister Andy Burnham bytter ut finansministeren i den nye regjeringen.

si era dimesso un mese da minsitro delle Difesa di Starmer

Andy Burnham appoints key cabinet positions in first hours in office

The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.

Jump to content IndependentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be…

The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.

The move will be read as a sign that Burnham is serious about bolstering defence spending and honouring Britain’s international commitments.

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

Jump to content IndependentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be…

Former Defence Secretary John Healey was the first to arrive at Downing Street as the new PM appoints his Cabinet

The new prime minister has sought a compromise figure over the favourites from the right or left of the party, as political editor David Maddox explains

The former defence secretary served in the Blair and Brown governments as well as the shadow cabinets of Ed Miliband and Jeremy Corbyn.

Choice of John Healey for chancellor shocks insiders after weeks of fierce lobbying on behalf of party big hitters

Andy Burnham stellt die Weichen für die Zukunft. Das Kabinett des neuen britischen Premiers sieht anders aus.

A big Cabinet reshuffle under the incoming PM yielded some surprises — and opened up some potential new Westminster dramas.

Britain's new Prime Minister Andy Burnham took office on Monday, reshuffling the cabinet to remove allies of predecessor Keir Starmer and appointing John Healey as finance…