George Osborne

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George Gideon Oliver Osborne (born Gideon Oliver Osborne; 23 May 1971) is a British newspaper editor and former Conservative Party politician, who was Member of Parliament (MP) for Tatton from June 2001 until he stood down on 3 May 2017.

He served as Chancellor of the Exchequer under Prime Minister David Cameron from 2010 to 2016.

He has been editor of the London Evening Standard since May 2017 and chair of the Northern Powerhouse Partnership (NPP) since September 2016. Osborne worked briefly as a freelancer for The Daily Telegraph before joining the Conservative Research Department in 1994 and becoming head of its political section.

He went on to be a special adviser to Douglas Hogg, the Minister of Agriculture, Fisheries and Food, and worked at 10 Downing Street as well as for Prime Minister John Major's campaign team in the party's unsuccessful 1997 general election campaign, before becoming a speechwriter and political secretary to Major's successor as party leader, William Hague. Osborne was elected as MP for Tatton in 2001, becoming the youngest Conservative member of the House of Commons.

He was appointed Shadow Chief Secretary to the Treasury by Conservative leader Michael Howard in 2004.

The following year he ran David Cameron's successful party leadership campaign.

Cameron then appointed him Shadow Chancellor of the Exchequer and, after the 2010 general election, Chancellor of the Exchequer in the Conservative–Liberal Democrat coalition government.

He served as Cameron's de-facto Deputy Leader of the Conservative Party in opposition and in government alongside William Hague, and continued in this role following the latter's retirement from the House of Commons in the 2015 Election. As Chancellor, Osborne pursued austerity policies aimed at reducing the budget deficit and launched the Northern Powerhouse initiative.

After the Conservatives won an overall majority in the 2015 general election, Cameron reappointed him Chancellor in his second government and gave him the additional title of First Secretary of State.

During the premiership of David Cameron, George Osborne was widely viewed as a potential future Leader of the Conservative Party; one Conservative MP suggested that the closeness of his relationship with Cameron meant that the two effectively shared power during the duration of the Cameron Government. Following the 2016 referendum vote to leave the European Union and Cameron's consequent resignation, Osborne was sacked by newly appointed Prime Minister Theresa May, and returned to the backbenches.

He became editor of the Evening Standard in May 2017 and stepped down as an MP at the 2017 general election.

Early life and education

George Osborne was born in Paddington, London, as Gideon Oliver Osborne; he decided when he was 13 to be known by the additional first name of 'George'. In an interview in July 2005, he said: "It was my small act of rebellion. I never liked it [the name 'Gideon']. When I finally told my mother she said, 'Nor do I'. So I decided to be George after my grandfather, who was a war hero. Life was easier as a George; it was a straightforward name." He is the eldest of four boys. His father is Sir Peter Osborne, 17th Baronet, co-founder of the firm of fabric and wallpaper designers Osborne & Little. George Osborne is to inherit the baronetcy; he would thus become Sir George Osborne, 18th Baronet. His mother is Felicity Alexandra Loxton-Peacock, the daughter of Hungarian-born Jewish artist Clarisse Loxton-Peacock (née Fehér).

Osborne was educated at independent schools: Norland Place School, Colet Court and St Paul's School. In 1990 he was awarded a demyship at Magdalen College, Oxford, where in 1993 he received a 2:1 bachelor's degree in Modern History. Whilst there, he was a member of the Bullingdon Club. He also attended Davidson College in North Carolina for a semester, as a Dean Rusk Scholar.

In 1993, Osborne intended to pursue a career in journalism. He was shortlisted for, but failed to gain a place on, The Times' trainee scheme; he also applied to The Economist, where he was interviewed and rejected by Gideon Rachman. In the end, he had to settle for freelance work on the 'Peterborough' diary column in The Daily Telegraph. One of his Oxford friends, journalist George Bridges, alerted Osborne some time later to a research vacancy at Conservative Central Office.

Personal life

Osborne is heir apparent to his family's Irish baronetcy, of Ballentaylor and Ballylemon in County Waterford. In 2009, he had an estimated personal fortune of around £4 million, as the beneficiary of a trust fund that owns a 15% stake in Osborne & Little, the wallpaper-and-fabrics company co-founded by his father, Sir Peter Osborne.

Osborne married Frances Howell, author and elder daughter of Lord Howell of Guildford, a Conservative politician, on 4 April 1998. The couple have two children, both born in Westminster:

In July 2019, the couple announced that they were to divorce.

In May 2018, The Daily Telegraph reported that Osborne and his siblings had discovered "with delight" that their maternal grandmother Clarisse Loxton-Peacock (a glamorous Hungarian émigrée) was Jewish, and therefore that in Jewish law they are Jewish too.

In April 2021, Osborne announced his engagement to his former adviser Thea Rogers. They have one son:

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Early political career

In 1994, Osborne joined the Conservative Research Department and assumed responsibility for the Political Section. One of his first jobs was to attend the October 1994 Labour Party Conference in Blackpool.

He served as a special advisor to Minister of Agriculture, Fisheries, and Food, Douglas Hogg (during the BSE crisis) and in the Political Office at 10 Downing Street from 1995 to 1997. In the run-up to the Conservatives' landslide in 1997, Osborne served on Prime Minister John Major's campaign team. After the election, he considered journalism again, this time trying to be a leader writer, but no one seemed to be aware of it.

He served as a speechwriter and political secretary for William Hague, Major's replacement as the Conservative Party leader, from 1997 to 2001. He aided in the preparations for Prime Minister's Questions' weekly session by Hague, often playing the role of Prime Minister Tony Blair. He remained on the Prime Minister's Questions team under Michael Howard's subsequent leadership.

Career after Parliament

Osborne, a Conservative MP, was announced on 17 March 2017 as the next editor of the Evening Standard, a post that he assumed on 2 May. Critics of his appointment questioned his journalistic credentials and his decision to remain MP for Tatton during his tenure with the newspaper, which, according to some, would be a point of contention and devalued the role of an MP. He was also accused of violating the Advisory Committee on Business Appointments' post-ministerial employment laws by accepting the editorship without the committee's permission.

Private Eye followed closely the connection between Osborne and Standard owner Evgeny Lebedev, who appointed Osborne as editor. During Osborne's tenure as Chancellor of the Exchequer, he regularly pledged Treasury funds to Standard charitable causes, such as his pledge in 2015 to match readers' donations by up to £1.5 million to the Standard's Great Ormond Street Hospital appeal. The newspaper named Osborne in joint first place on its annual list of the most influential people in London in September 2015. In the 2016 London general election and the Conservative Party's candidate Zac Goldsmith, it was also highlighted that as Chancellor, Osborne failed to address the nefarious tax status for so-called non-doms, which Lebedev was expected to profit from, although Lebedev's paper endorsed the Conservative Party in the 2015 general election and Conservative candidate Zac Goldsmith in the 2016 mayoral election.

Osborne took on various activities in addition to his duties as editor after stepping down from politics. In September 2017, the Stanford Graduate School of Business selected a distinguished visiting fellow at the Hoover Institution and a dean's fellow. He specialized in international politics and the global economy. He continued to assist BlackRock as a wealth manager while also assisting his brother's company, 9Yards Capital. In 2018 as a partner and chairman, he joined 9Yards, a growth stage venture capital company specializing in financial technology and IT logistics investments, in a new direction.

The Standard announced a loss of £10 million from the start of last year to the end of September in mid-2018. As part of a relaunch last year, the paper relaunched "London" to reflect greater national and international ambitions. The Standard reported a £11.5 million loss in the middle of rumors of "ad campaigns" in 2018.

Questions regarding Osborne's future at the Standard were raised in February 2020. It was revealed on June 12 that he would step down as editor to take over as editor and assume the role of editor-in-chief. On July 1, 2020, David Cameron, Emily Sheffield, the former deputy editor of British Vogue and sister-in-law, was installed as editor.

In a story about Osborne that appeared in Esquire magazine in September 2017, it was revealed that he had told several employees at the Evening Standard that he would not be satisfied until Theresa May was "chopped up in bags in my freezer." Though Osborne had used macabre images about May before, he did not comment directly about the event, but he was chastised for the suspected remark. Osborne's apology to May was interpreted as an editorial in the Standard, which was published nearly a week later. "harsh words" had been posted in connection with the Prime Minister's Brexit plans, it said, but "intemperate terms," even when said in jest," was inappropriate.

In 2018, Osborne was discussed as a potential candidate for Mayor of London in the forthcoming election in 2020. He said he would not rule out a return to Parliament as well as considering a bid. In an interview, he said he would not vote for mayor because it would interfere with his work as editor of the Evening Standard.

According to the Financial Times, Osborne was looking for support to replace Christine Lagarde as the managing director of the International Monetary Fund, which was announced in July 2019. Osborne must have been nominated by members of the IMF's executive board, who were elected by member countries to serve in the competition. Both European and British government sources said that Osborne, who supported Boris Johnson in the Conservative Party leadership race, would likely be the British nominee for the UK nomination due in large part to Johnson's ascension to Prime Minister Boris Johnson. The replacement for Lagarde was expected to be elected by the executive board, where the United States, Japan, and China had the largest votes of the total vote. Several senior politicians in the United Kingdom, including Chancellor Sajid Javid, have praised Osborne for the job. Boris Johnson argued with US President Donald Trump on a phone call to raise funds for Osborne. Osborne's IMF leadership bid was shelved over, and sources later revealed that Kristalina Georgieva, the World Bank's chief executive, had been chosen as the European Union's candidate.

According to the i newspaper, Osborne's name was suggested as a potential contender for chairman of the BBC in August 2020, as he had "strong connections" with Boris Johnson. Ministers had increased the salary ceiling to £160,000 a year for the position, according to The Telegraph in October, and that they may have boosted it even higher to £280,000 in order to tempt Osborne. Richard Sharp was later confirmed.

In March 20,21, Osborne joined the Evening Standard and BlackRock in March 2021, and in April, he became a Robey Warshaw investment banker.

In June 2021, it was revealed that the trustees of the British Museum had unanimously elected Osborne as the museum's chairman. On September 1, 2021, he joined the museum's board of trustees and officially became chairman on October 4th.

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