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    John Healey appointed Chancellor as borrowing costs rise

    5 days ago

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    John Healey has been appointed as the new Chancellor of the Exchequer by Prime Minister Andy Burnham, following a Cabinet reshuffle. This comes as UK government borrowing costs have increased, with the yield on 10-year gilts rising to 5.049%. The economic situation remains challenging, with high national debt and a weak growth outlook.
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