LONDON — Prime Minister Andy Burnham has appointed John Healey as the UK's new Finance Minister, completing one of the most closely watched appointments in the government's Cabinet reshuffle. The move comes as ministers prepare to deliver a new economic programme focused on growth, investment and easing pressure on household finances.

Healey, who previously served in senior government roles, is widely regarded by analysts as a pragmatic choice with experience in public finance and national policy. His appointment has been viewed by financial markets as a signal that the government intends to maintain fiscal discipline while pursuing targeted investment in key sectors.

The new Finance Minister is expected to play a central role in preparing the government's next Budget and overseeing major spending decisions, including infrastructure, defence and public services. Investors will also be watching for further announcements on taxation, borrowing and long-term economic reforms in the coming weeks.

Political commentators say the appointment represents an important step in establishing the Burnham administration's governing team as Parliament prepares for a new legislative session. Further policy announcements are expected as ministers finalise their economic and political priorities for the year ahead.