- Andy Burnham announced a major cabinet reshuffle, appointing John Healey as Chancellor, Lucy Powell as Deputy Prime Minister, Jonathan Reynolds as Business Secretary, and Angela Rayner as Housing Secretary.
- John Healey was appointed Chancellor of the Exchequer by Andy Burnham, replacing Rachel Reeves following internal clashes.
Amid the ongoing Middle East conflict driving oil price volatility, John Healey succeeded Rachel Reeves as the UK Treasury Chancellor.
4 reports, 4 independent
Updated Oct 11
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What happened
Amid the ongoing Middle East conflict driving oil price volatility, John Healey succeeded Rachel Reeves as the UK Treasury Chancellor.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.IFS cautioned Healey regarding budget credibility due to Middle East conflict inflation.1 source
Cost pressures on business operations due to the Middle East conflict.1 source
Healy takes over Treasury role from Reeves amid Middle East conflict impacts.1 source
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Part of
John Healey was appointed Chancellor of the Exchequer by Andy Burnham, replacing Rachel Reeves following internal clashes.Also in this story
- Burnham's appointment influences Treasury control, while Healey's role is tied to combustion engine owners and Reeves' decisions.
- John Healey, the new Chancellor, announced a VAT cut to address the cost of living crisis.
The entities involved
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John Healey
British politician (born 1960)
- Various political developments unfold: Andy Burnham's policy is scrutinized by Martin Lewis, while Darren Jones highlights an unfunded digital ID scheme. Meanwhile, foreign aid to Pakistan is announced, and John Healey defends his government's economic approach.
- John Healey announced a rule change under Andy Burnham's government, which Martin Lewis commented on.
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Rachel Reeves
British politician and current Chancellor of the Exchequer (born 1979)
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Rachel Reeves succeeded the Treasury predecessor who was previously associated with John Healey.
- John Healey discussed UK economy challenges, signaling differences from past chancellors' views.
- John Healey urged to reverse Rachel Reeves' tax raid.
- ONS released retail sales data for Great Britain, noting the influence of the Middle East conflict on fuel prices.
- Conflict in the Middle East is raising energy prices and driving up borrowing costs, requiring John Healey to fund Andy Burnham's spending pledges.