The City reacts to Andy Burnham's new Chancellor

John Healey has been confirmed as the new Chancellor of the Exchequer - we get reaction from our City Editor, Simon Hunt plus City grandee and activist investor, Christopher Mills, Chief Executive of Harwood Private Equity (who doesn't hold back about the challenges facing the Burnham administration). Meanwhile, a Welsh finance company owned by Sir Alex Ferguson has hired the founder of Burger King Kazakhstan - we'll explain why. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam