Andy Burnham and John Healey to introduce 6 changes to private pensions next year

Prime Minister has appointed Mr Healey to Chancellor.05:58, 04 Aug 2026Andy Burnham and John Healey are to oversee a string of changes to private pensions in 2027. The Labour Party Prime Minister has appointed Mr Healey to Chancellor.‌Mr Healey replaced Rachel Reeves in No11, and it will now be up to him to oversee her

The aim is to boost the economy by encouraging more investment in stocks and shares

Ministers have been told there is no new money to pay for these moves in a joint letter from the Chancellor and the Prime Minister

The newly appointed Chancellor, who replaced Rachel Reeves earlier this month, said it will be a Budget that 'moves money and power out of Westminster, and into every postcode around Britain'

Newly appointed chancellor John Healey has opened the door for the UK military to shape defence budgets. His proposal is another step away from democratic oversight of how public money is spent. And it’s all part of a defence spending ideology that’s full of holes! Declassified UK reported on 30 July: Britain’s new cha