Defence Shares Get £4bn Boost After John Healey Confirmed as Chancellor The surprise appointment of John Healey as Chancellor has sent shockwaves through the UK defence industry, with shares in major players like BAE Systems and Rolls Royce surging by billions.
The sudden boost in shares has been driven by investors' expectations that Healey will deliver on his promise of increased investment in Britain's armed forces.
As a former Defence Secretary, Healey knows the industry inside out, and his departure from the Ministry of Defence last month was seen as an indication that he would be better suited to the role of Chancellor.