Predictability is more important than politics for those concerned about the profit and loss account

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

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

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

Uncertainty over Andy Burnham's pick for Chancellor has triggered a state of hysteria in Westminster - and his choice of ex-Defence Secretary John Healey blindsided many

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

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.

Don't rush, scheme, or expect to be in the role forever

Putting Ed Miliband in charge of the Treasury would have signalled a genuine new era. Instead, the new PM has played it safe, says Guardian columnist Owen Jones

Predictability is more important than politics for those concerned about the profit and loss account

Fifty years ago, another Healey ran the Treasury. Today’s chancellor may find some things haven’t changed, says Guardian columnist Larry Elliott