RARE PHOTOS: 17 - The Real Truth

Defence shares rise after Andy Burnham appoints John Healey as chancellor

Babcock and BAE Systems benefit as markets hope former defence secretary will increase spending on sector

The Guardian - UK · Jul 21

Burnham announces £850m tax cut on energy bills but faces questions over funding

The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded.

The Independent UK · Jul 21

Defence shares get £4bn boost after John Healey confirmed as chancellor

Defence could be one of the winners under the new chancellor, who is likely to increase military spending in Andy Burnham’s government

The Independent UK · Jul 21

Who Is John Healey? Meet Andy Burnham's New Chancellor and Former Defence Secretary

Veteran Labour politician John Healey is returning to the Treasury after being named Chancellor in Andy Burnham's first Cabinet reshuffle.

International Business Times UK · Jul 21

What does Burnham’s VAT cut mean for your energy bills?

First major move by new PM aimed at giving families ‘breathing space’

The Independent UK · Jul 21

Anas Sarwar reportedly set to quit as Scottish Labour leader to be minister in Andy Burnham’s government – as it happened

Sarwar expected to be elevated to Lords to take up a ministerial post at revamped Department for Business, Innovation, Science and Trade

The Guardian - UK · Jul 21

Andy Burnham to cut VAT on electricity bills as first cost of living move

Newly appointed chancellor John Healey says reduction will be funded by cancelling digital ID scheme

The Guardian - UK · Jul 21

Oil price rises above $90 as US and Iran exchange fire and Houthis threaten naval blockade in Saudi Arabia - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jul 21

UK borrowing falls by more than forecast in early relief for new Chancellor

The Office for National Statistics (ONS) said public sector net borrowing was £16 billion in June, which was 33.1% less than the same month last year.

Evening Standard · Jul 21

Andy Burnham announces £850m VAT cut on energy bills to ease cost-of-living

Prime Minister Andy Burnham said the measure would put money in people’s pockets and ‘bring back hope’.

Evening Standard · Jul 21