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The Latest Breaking News from John Healey

Where will Andy Burnham find the money to fund his spending pledges?

The new PM is already under pressure to explain how he will pay for his ambitious plans to remake Britain

The Guardian - UK

FTSE 100 ends up as Healey pledges fiscal control

The index closed up 61.15 points, 0.6%, at 10,585.91.

Evening Standard

JPMorgan's Jamie Dimon Warns Newly Sworn-In PM Andy Burnham Over Economic Plans

Jamie Dimon warns Andy Burnham that Britain needs stronger economic growth, as soaring debt, bond-market pressure and competing spending demands threaten the new PM's ambitious plans.

International Business Times UK

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Day One Promise Delivered: PM Andy Burnham Cuts Electricity Tax for Immediate Relief

UK households will see reduced electricity bills as VAT is abolished, saving around £45 annually. The move, funded by cancelling the Digital ID programme, aims to ease cost-of-living pressures.

International Business Times UK

Healey wants to build ‘new hope for Britain’ in first address to Treasury staff

The new Chancellor told staff in Whitehall fiscal control will be the ‘bedrock of stability’.

Evening Standard

Healey as chancellor? Streeting as defence secretary? This isn’t a cabinet to change the UK like Burnham promised

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

The Guardian - UK

More women than ever before – and more privately educated than Starmer’s: A closer look at Andy Burnham’s top team

Andy Burnham purged a number of Sir Keir Starmer’s close allies on Monday as he unveiled his new cabinet - but how different really is his top team from that of his predecessor? Millie Cooke and Albert Toth take a closer look

The Independent UK

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Streeting says he wants to make UK prepared to win wars as Defence Secretary

Mr Streeting described the new Chancellor as a ‘firm friend’ of defence in the Treasury, when asked how Government plans to boost defence spending.

Evening Standard

Can Andy Burnham afford his own ambitions? Chris Blackhurst answers your questions

ASK ME ANYTHING: Renowned business journalist Chris Blackhurst answers readers’ questions on why Rachel Reeves had to go, whether Burnham can avoid a Liz Truss-style market reaction, and how he pays for the rough sleeping pledge he never delivered in Manchester

The Independent UK

UK gilts steady, sterling dips as markets assess new British finance minister

The British pound experienced a minor dip against both the euro and the dollar today, as market participants gauge the fiscal policy strategies of freshly appointed finance minister John Healey. His unexpected appointment by Prime Minister Andy Burnham occurred on Monday, prompting investors to look for clues regarding future spending…

The Economic Times

John Healey is the UK’s chancellor: what Burnham’s surprise pick says about his style of government

The UK’s new prime minister, Andy Burnham, has appointed John Healey as chancellor of the exchequer. His pick to fill the UK’s top economic post was something of a surprise: if we were to believe the speculation, the choice was between a minister with strong views on the economy –…

The Conversation

Wes Streeting appointment as Defence Secretary branded 'disgraceful'

WES Streeting being appointed Defence Secretary has been branded “disgraceful” by anti-war campaigners.

The National (Scotland)

Starmerites already sniping at Andy Burnham after Cabinet purge

KEIR Starmer loyalists have already begun sniping at Andy Burnham after he ruthlessly purged them from the Cabinet.

The National (Scotland)

Defence shares climb on investment hopes after new Chancellor named

Babcock was the top riser on the FTSE 100, with shares up 7.8%, while BAE Systems lifted by 3.25% and Qinetiq moved 4% higher.

Evening Standard

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The Guardian - UK

Defence shares rise after Andy Burnham appoints John Healey as chancellor

Babcock and BAE Systems benefit as markets hope former defence secretary will increase spending on sector

The Independent UK

Burnham announces £850m tax cut on energy bills but faces questions over funding

The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded.

The Independent UK

Defence shares get £4bn boost after John Healey confirmed as chancellor

Defence could be one of the winners under the new chancellor, who is likely to increase military spending in Andy Burnham’s government

The Independent UK

Martin Lewis issues warning to Britain’s new chancellor John Healey over ‘many outstanding consumer issues’

The MoneySavingExpert founder called John Healey’s appointment a ‘surprise’

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The Guardian - UK

Andy Burnham promised urgent action on the cost of living – the heat is now on chancellor John Healey to deliver it

The PM and the new boss at the Treasury face an even trickier task than their predecessors. They need a good plan, and we have one, says Alfie Sirling of the Joseph Rowntree Foundation

The Independent UK

UK leader Burnham gathers his Cabinet after sweeping away Starmer supporters

New UK Prime Minister Andy Burnham is gathering his Cabinet after removing allies of predecessor Keir Starmer from the government

International Business Times UK

Andy Burnham's Cabinet Shake-up Explained: What Happened to Rachel Reeves and Other Starmer Allies?

Former Chancellor Rachel Reeves is among the high-profile figures to lose a key cabinet position in Andy Burnham's government.

International Business Times UK

Who Is John Healey? Meet Andy Burnham's New Chancellor and Former Defence Secretary

Veteran Labour politician John Healey is returning to the Treasury after being named Chancellor in Andy Burnham's first Cabinet reshuffle.

The Independent UK

What does Burnham’s VAT cut mean for your energy bills?

First major move by new PM aimed at giving families ‘breathing space’

The Guardian - UK

Anas Sarwar reportedly set to quit as Scottish Labour leader to be minister in Andy Burnham’s government – as it happened

Sarwar expected to be elevated to Lords to take up a ministerial post at revamped Department for Business, Innovation, Science and Trade

The Guardian - UK

Andy Burnham to cut VAT on electricity bills as first cost of living move

Newly appointed chancellor John Healey says reduction will be funded by cancelling digital ID scheme

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