
John Healey
UK Chancellor of the Exchequer since July 2026; previously Defence Secretary (2024-2026).
Healey left the Ministry of Defence on 11 June 2026 over a dispute about the drone budget's scale, then returned to government seven weeks later as Andy Burnham's Chancellor, taking the job from Rachel Reeves.
Last refreshed: 24 July 2026 · Appears in 6 active topics
Healey committed Typhoons and HMS Dragon to Hormuz. Is Britain now the lead European power in the strait?
Timeline for John Healey
Appointed Chancellor of the Exchequer, replacing Reeves
UK Local Elections 2026: Burnham builds a cabinet of his ownResigned three weeks earlier over the size of the same budget.
Drones: Industry & Defence: £5bn UK drone plan follows Healey exitSigned the AUKUS Pillar II Signature Project at the Shangri-La Dialogue
Autonomous Systems: Land & Sea: AUKUS names two American sea robotsCo-chaired the 12 May coalition meeting with French counterpart Vautrin and announced the UK's formal Hormuz deployment
Iran Conflict 2026: UK names Typhoons, HMS Dragon for HormuzMentioned in: National Wealth Fund writes first defence cheque
UK Startups and InnovationBackground
John Healey ran the Ministry of Defence from July 2024 until he resigned on 11 June 2026, reportedly after losing an internal argument over how large the drone and autonomous-systems budget should be. His time there produced two signature moves: sealing the Skyhammer interceptor contract with the untested startup Cambridge Aerospace, and setting a £4 billion national drone investment target he defended as necessary urgency given what Ukraine's battlefield had shown about the threat.
He was also the minister who told Parliament a drone had struck RAF Akrotiri and that British troops were operating within yards of Iranian strike zones, and on 13 May 2026 he named the platforms Britain was committing to the Hormuz Coalition: Typhoon jets, the destroyer HMS Dragon, mine-clearance vessels and reconnaissance drones, a commitment he had prepared alongside French counterpart Catherine Vautrin at Northwood the day before.
Dan Jarvis took over the defence brief and, on 29 June, published a larger £5 billion drone plan that built on rather than reversed what Healey had started. Three weeks later, Andy Burnham brought Healey back to the Treasury as Chancellor, filling the vacancy Rachel Reeves's departure Left when Burnham reshaped his top team.