John Healey becomes chancellor weeks after shock resignation from defence job
John Healey has been appointed as Chancellor of the Exchequer under Prime Minister Andy Burnham, following his high-profile resignation as defence secretary. His appointment is seen as a move to stabilize the government's economic policy.
Why it matters
The appointment of a key cabinet member during a period of political instability significantly impacts the nation's economic and fiscal direction.
Share Save Add as preferred on Google Brian Wheeler Political reporter EPA John Healey - who has been announced as Andy Burnham's Chancellor of the Exchequer - is seen as the ultimate safe pair of hands.
Which made the 66-year-old's resignation as Sir Keir Starmer's defence secretary just over a month ago all the more shocking.
Healey's assessment of the government's much-delayed defence investment plan - that it fell "well short of what is required for defence and the country at this dangerous time" - was devastating and undoubtedly hastened Sir Keir's departure from Downing Street.
Now he's in charge of the funding not just of defence - but of every arm of government.
He replaces Rachel Reeves, who had served as Sir Keir's chancellor since Labour's 2024 landslide election win.
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