Andy Burnham's appointment of John Healey as Chancellor is a strategic move to calm bond-market anxiety over ambitious spending plans. Healey, known for fiscal caution and a principled Blairite background, is expected to reassure markets and potentially boost defence spending. The author praises this choice over Shabana Mahmood or Ed Miliband, highlighting Healey's experience and credibility. However, concerns are raised about Miliband's suitability as Foreign Secretary and the regrettable lack of women in top ministerial roles, suggesting a Downing Street "boys' club." Healey's role is key to making the sums add up for the new administration.