Andy Burnham became Britain's new Prime Minister and John Healey was appointed Chancellor of the Exchequer, marking the seventh prime minister in ten years. Public sector net borrowing fell by one-third year-on-year in June with higher tax receipts and slightly lower expenditure, though April-to-June borrowing ranked as the tenth highest since the early 1990s. Healey, a former defense secretary, left 10 Downing Street on July 20, 2026.