Daily Market Updates: Britain names John Healey as chancellor in surprise move

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Britain names John Healey as chancellor in surprise move

The appointment pairs the new prime minister with a former defense secretary to lead the Exchequer.

Reported · Written up by our desk · Europe

CNBC World reports that Britain’s new Prime Minister, Andy Burnham, has named former Defense Secretary John Healey as Chancellor of the Exchequer in a surprise move.

The selection places Healey in charge of the country’s Treasury, setting expectations for how the new government approaches its economic agenda.

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CNBC WorldCNBC Daily Open: Can he Healey the British economy?

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Britain names John Healey as chancellor in surprise move

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