World
John Healey appointed Chancellor of the Exchequer by Andy Burnham
British Prime Minister Andy Burnham has appointed John Healey, 66, to the role of Chancellor of the Exchequer — the government minister responsible for the UK's finances and treasury — on 20 July 2026, according to the BBC. Healey replaces Rachel Reeves, who held the position since Labour's 2024 election victory. The appointment comes roughly one month after Healey resigned as Defence Secretary, arguing that the government's military investment plan was insufficient. Burnham and Healey share common priorities: reindustrialisation, cost of living, and economic growth.