Mr Healey has been named as Chancellor to replace Rachel Reeves after Andy Burnham became Prime Minister.

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

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.

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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.

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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.

Hopes were raised last night that new Chancellor John Healey will push Britain towards a higher defence spend.

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

Burnham appoints former defence secretary to key role in surprise move

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

As arguments rage over spending 2.7 or 3 per cent of GDP on defence, the Department of Health spends 10 per cent.

L'ancien ministre de la Défense a été nommé Chancelier de l'Échiquier par le nouveau Premier ministre Andy Burnham. John Healey, un vétéran du Parti travailliste, avait…

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.