John Healey: Burnham Sends Up a Flare to Calm the Bond Market
Andy Burnham appointed former defence secretary John Healey, 66, as chancellor in a surprise move aimed at reassuring markets after gilts sold off on his remarks about seeking "any flexibility" within borrowing rules. Healey, a junior Treasury minister from 2002-2007, is seen as an experienced, pragmatic steward of the economy.
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