UK Prime Minister appoints former defence secretary John Healey as new Chancellor

Britain's new prime minister announced a senior cabinet reshuffle. The prime minister appointed former defence secretary John Healey as chancellor. Healey will assume the role of the country's top finance official. The chancellorship is one of the most consequential posts in the government. As chancellor, Healey will oversee public spending decisions. He will also manage the nation's debt portfolio. The role includes shaping and guiding overall economic policy. The appointment signals the government's priorities for fiscal management.