12 Hrs
Source:
The Guardian
Labour ministers' failed attempt at Burnham's cabinet
John Healey, a former defence secretary, was unexpectedly appointed as the new Labour chancellor, blindsiding many within the party. The selection reflects the prime minister’s focus on policies such as borrowing rules, re-industrialisation, devolution, and increased defence spending. Healey's appointment signals a potential push for higher defence investment, possibly through issuing defence bonds.
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