Osborne in 2015
|First Secretary of State|
8 May 2015 – 13 July 2016
|Prime Minister||David Cameron|
|Preceded by||William Hague|
|Succeeded by||Damian Green (2017)[b]|
|Chancellor of the Exchequer|
11 May 2010 – 13 July 2016
|Prime Minister||David Cameron|
|Chief Secretary||David Laws|
|Preceded by||Alistair Darling|
|Succeeded by||Philip Hammond|
|Member of Parliament|
7 June 2001 – 3 May 2017
|Preceded by||Martin Bell|
|Succeeded by||Esther McVey|
Gideon Oliver Osborne
23 May 1971
(m. 1998; sep. 2019)
|Education||Magdalen College, Oxford|
|b. ^ Office vacant from 13 July 2016 to 11 June 2017.|
George Gideon Oliver Osborne Chancellor of the Exchequer under Prime Minister David Cameron from 2010 to 2016. A member of the Conservative Party, he was Member of Parliament (MP) for Tatton from 2001 to 2017. He was editor of the London Evening Standard from 2017 to 2020 before becoming editor-in-chief of the newspaper. He has been chair of the Northern Powerhouse Partnership (NPP) since 2016.(born Gideon Oliver Osborne; 23 May 1971) is a British politician and newspaper editor who served as
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 Cameron–Clegg 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 general 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, he was dismissed by newly-appointed Prime Minister Theresa May. He returned to the backbenches for a year before leaving public office.
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.
Early political career
Osborne joined the Conservative Research Department in 1994, and became head of its Political Section. One of his first roles was to go to Blackpool and observe the October 1994 Labour Party Conference.
Between 1995 and 1997 he worked as a special adviser to the Minister of Agriculture, Fisheries and Food Douglas Hogg (during the BSE crisis), and in the Political Office at 10 Downing Street. Osborne worked on Prime Minister John Major's campaign team in 1997, in the run-up to the Tories' heavy election defeat that year. After the election, he again considered journalism, approaching The Times to be a leader writer, though nothing came of it.
Between 1997 and 2001 he worked for William Hague, Major's successor as Conservative Party leader, as a speechwriter and political secretary. He helped to prepare Hague for the weekly session of Prime Minister's Questions, often playing the role of Prime Minister Tony Blair. Under the subsequent leaderships of Michael Howard and David Cameron, he remained on the Prime Minister's Questions team.
Member of Parliament
Osborne was elected as the Member of Parliament (MP) for Tatton, Cheshire, at the June 2001 election. He succeeded Independent MP Martin Bell, who had defeated the controversial former Conservative minister Neil Hamilton in 1997 but had kept his promise not to stand there at the following election. Osborne won with a majority of 8,611 over the Labour candidate, becoming (at that time) the youngest Conservative MP in the House of Commons. At the 2005 election he was re-elected with an increased majority of 11,731 (securing 51.8% of the vote), and in 2010 increased his majority still further to 14,487.
Shadow Chancellor (2005–2010)
Following the 2005 general election, Howard promoted him to Shadow Chancellor of the Exchequer at the young age of 33. Howard had initially offered the post to William Hague, who turned it down. Press reports suggest that the second choice for the post was David Cameron, who also rejected the job, preferring to take on a major public service portfolio (he was made Shadow Secretary of State for Education). Thus, Howard seems to have turned to Osborne as his third choice for the role. His promotion prompted speculation he would run for the leadership of the Conservative Party when Howard stepped down, but he ruled himself out within a week. Osborne served as campaign manager for David Cameron's leadership campaign, and kept the Shadow Chancellor's post when Cameron became leader later that year.
When David Cameron was asked in 2009 whether or not he would be willing to sack a close colleague such as Osborne, he stated, "With George, the answer is yes. He stayed in my shadow cabinet not because he is a friend, not because we are godfathers to each other's children but because he is the right person to do the job. I know and he knows that if that was not the case he would not be there."
At this time Osborne expressed an interest in the ideas of "tax simplification" (including the idea of flat tax). He set up a "Tax Reform Commission" in October 2005 to investigate ideas for how to create a "flatter, simpler" tax system. The system then proposed would reduce the income tax rate to a flat 22%, and increase the personal allowance from £4,435 to between £10,000 and £15,500. However, the idea of a flat tax was not included in the 2010 Conservative Party manifesto.
Comments on Gordon Brown
During Osborne's response to the Chancellor of the Exchequer Gordon Brown's Pre-Budget Report on 5 December 2005, he accused Brown of being "a Chancellor past his sell-by-date, a Chancellor holding Britain back". In an interview the same week, he also referred to Brown as "brutal" and "unpleasant". Osborne was rebuked in October 2006 by Michael Martin, the Speaker of the House of Commons, when he attacked the Chancellor at Oral Questions by citing a comment attributed to the Secretary of State for Work and Pensions John Hutton, describing the Chancellor as likely to make an "effing awful" Prime Minister. It was widely suggested that Osborne was leading an assault on Brown that would allow the Conservatives to discredit him without damaging David Cameron's public image. That month, Osborne faced criticism from some quarters for appearing to suggest that Brown was "faintly autistic". After Osborne spoke in an interview about his own ability to recall odd facts, a host suggested to him that he may have been "faintly autistic"; he responded by saying that "We're not getting onto Gordon Brown yet".
Pledge to match Labour spending
In September 2007, ahead of the publication of the 2007 Comprehensive Spending Review, Osborne pledged that the Conservative Party would match Labour's public spending plans for the next three years. He promised increases in public spending of 2% a year, and said Labour charges that the Conservatives would cut public spending were "a pack of lies". He also ruled out any "upfront, unfunded tax cuts".
Osborne's school and university contemporary, financier Nathaniel Rothschild, said in October 2008 that Osborne had tried to solicit a £50,000 donation from the Russian aluminium magnate Oleg Deripaska, which would have been a violation of the law against political donations by foreign citizens. Rothschild had hosted Deripaska, Osborne, Peter Mandelson and others at a party in his villa in Corfu. The alleged solicitation of a donation occurred on Deripaska's yacht during the party.
The Electoral Commission received a formal complaint initiated in a letter by the Liberal Democrats' Home Affairs spokesperson, Chris Huhne, urging them to investigate the allegations against Osborne. The Commission rejected the claims and said it saw "no information" suggesting an offence. The accusation was referred to by the press as 'Yachtgate'. Osborne denied claims he had attempted to solicit a donation from Deripaska and said that he had "made a mistake" by meeting with him.
"Run on the pound"
On 14 November 2008, in an intervention described by the BBC's Nick Robinson as "pretty extraordinary", Osborne publicly warned that the more the government borrows, the less attractive sterling becomes to hold. He said: "We are in danger, if the government is not careful, of having a proper sterling collapse, a run on the pound." Labelling Gordon Brown's tactic a "scorched-earth policy" that a future Conservative government would have to clear up, Osborne continued: "His view is he probably won't win the next election. The Tories can clear this mess up after I've gone."
In 2009 and 2012 Osborne was criticised for his expense claims, in particular for the claims for mortgage interest payments on his Cheshire properties. Osborne had funded the purchase of a country farmhouse and adjoining paddock in Cheshire before he became an MP in 2001 by way of a £455,000 extension of the mortgage on his London home. In 2003 he substituted a new £450,000 mortgage on the Cheshire property, which he then designated as his second home, or "flipped". As a result, he was able to claim up to £100,000 in mortgage interest on the house and paddock between 2003 and 2010, when the regulations changed. In 2012 it was revealed that the paddock had been legally separate from the farmhouse.
The Liberal Democrats said he had a "moral obligation" to pay an estimated £55,000 in capital gains tax to the public purse which he had saved through the designation or "flipping" of his London property as his main home. He had previously paid back £1,193 spent on chauffeur fares and overpayments on his mortgage after a complaint from a Labour activist, and it also emerged that he had claimed £47 for two copies of a DVD of his own speech on "value for taxpayers' money". The report of the Parliamentary Commissioner for Standards found that although Osborne had breached the rules, the offence was "unintended and relatively minor". Osborne said he had received "flawed" advice and not benefited personally.
2010 general election campaign
During the 2010 general election campaign Osborne was considered to have been sidelined, owing to his perceived unpopularity and the perception by both Liberal Democrat and Labour strategists that he was a "weak link".
Chancellor of the Exchequer (2010–2016)
Osborne was appointed Chancellor of the Exchequer on 11 May 2010, and was sworn in as a Privy Counsellor the following day. Osborne acceded to the chancellorship in the continuing wake of the financial crisis. Two of his first acts were setting up the Office for Budget Responsibility and commissioning a government-wide spending review, which was to conclude in autumn 2010 and to set limits on departmental spending until 2014–15. Shortly before the 2010 election, Osborne had pledged to be "tougher than Thatcher" on Britain's budget deficit, and he duly set himself the target of reducing the UK's deficit to the point that, in the financial year 2015–16, total public debt would be falling as a proportion of GDP. On 24 May 2010, Osborne outlined £6.2bn cuts: "We simply cannot afford to increase public debt at the rate of £3bn each week." Documents leaked from the Treasury the following month revealed that Osborne anticipated his tighter spending would lead to 1.3 million jobs being lost over the course of the parliament. Osborne termed those who objected to his policy "deficit-deniers".
In July 2010, whilst seeking cuts of up to 25 per cent in government spending to tackle the deficit, Osborne insisted the £20 billion cost of building four new Vanguard-class submarines to bear Trident missiles had to be considered as part of the Ministry of Defence's core funding, even if that implied a severe reduction in the rest of the Ministry's budget. Liam Fox, the Secretary of State for Defence, warned that if Trident were to be considered core funding, there would have to be severe restrictions in the way that the UK operated militarily.
Osborne presented the Government's Spending Review on 20 October, which fixed spending budgets for each government department up to 2014–15. Before and after becoming Chancellor, Osborne had alleged that the UK was on "the verge of bankruptcy", though this assertion was criticised by the Treasury Select Committee and others as an effort to try and justify his programme of spending cuts.
On 4 October 2010, in a speech at the Conservative conference in Birmingham, Osborne announced a cap on the overall amount of benefits a family can receive from the state, estimated to be around £500 a week from 2013. It was estimated that this could result in 50,000 unemployed families losing an average of £93 a week. He also announced that he would end the universal entitlement to child benefit, and that from 2013 the entitlement would be removed from people paying the 40% and 50% income tax rates.
In February 2011 Osborne announced Project Merlin, whereby banks aimed to lend about £190bn to businesses in 2011 (including £76bn to small firms), curb bonuses and reveal some salary details of their top earners; meanwhile, the bank levy would increase by £800m. Liberal Democrat Treasury spokesman Lord Oakeshott resigned after the agreement was announced. Other pledges included providing £200m of capital for David Cameron's Big Society Bank, which was supposed to finance community projects.
In November 2011, Osborne sold Northern Rock to Richard Branson's Virgin Money for a price that was to range from £747m to £1bn. Northern Rock, the first British bank in 150 years to suffer a bank run, had been taken into public ownership in 2008, then divided into two entities on 1 January 2010 – the other half being Northern Rock. The Independent described the entity sold as the "detoxified arm" of the bank, while saying the taxpayers retained "responsibility for £20bn of toxic assets such as bad debts and closed mortgages." The deal valued the bank at somewhat less than its £1.12bn net asset value, and "locks in a minimum loss" for taxpayers of £373m to £453m. Osborne argued the deal would get "more money back than any other deal on the table." and responded to concerns about the timing by saying that a secret deal between the previous Labour government and the European Commission in Brussels obliged them to sell the bank in or before 2013, and "[g]iven we were advised that Northern Rock plc would have been likely to remain loss-making [until] at least well into 2012, which would have depleted taxpayer resources still further, agreeing a sale now was even more imperative."
The 2012 budget – dubbed the "omnishambles budget" by the then Labour leader Ed Miliband – is viewed as the nadir of Osborne's political fortunes. Osborne cut the 50% income tax rate on top earners, which he said had been specially designated by his predecessor as "temporary", to 45%. Figures from Her Majesty's Revenue and Customs showed that the amount of additional-rate tax paid had increased under the new rate from £38 billion in 2012/13 to £46 billion in 2013/14, which Osborne said was caused by the new rate being more "competitive".
Osborne faced criticism for simultaneously proposing imposing value added tax (VAT) on food such as Cornish pasties when served at above-ambient temperature. Critics commented on the potential effect on vendors, with members of the Treasury Select Committee suggesting that Osborne was inexperienced with the issue after a comment that he 'couldn't remember' the last time he had bought such a pasty from Greggs. The "pasty tax" proposal was later withdrawn in what was seen as a political "U-turn", as were proposals to cut tax relief on charitable donations and to tax static caravans.
In October 2012, Osborne proposed a new policy to boost the hiring of staff, under which companies would be able to give new appointees shares worth between £2,000 and £50,000, but the appointees would lose the right to claim unfair dismissal and time off for training.
Osborne sent a letter in 2012 to Ben Bernanke, the chairman of the U.S. Federal Reserve, in an attempt to help HSBC's leadership avoid criminal charges over the bank's involvement in laundering drug money and in channelling money to countries under economic sanctions. Osborne suggested that if HSBC were to lose its banking licence in the U.S., this could have negative consequences for the financial markets in Europe and Asia. HSBC avoided criminal charges, and settled with the U.S. Department of Justice for $1.92 bn.
In February 2013, the UK lost its AAA credit rating—which Osborne had indicated to be a priority when coming to power—for the first time since 1978. His March 2013 budget was made when the Office for Budget Responsibility had halved its forecast for that year's economic growth from 1.2% to 0.6%. It was described by The Daily Telegraph's economics editor as "an inventive, scattergun approach to growth that half-ticked the demands of every policy commentator, wrapped together under the Chancellor's banner of Britain as an 'aspiration nation'." However, it was positively received by the public, with the ensuing boost to Conservative Party support in opinion polls standing in marked contrast to the previous year's budget. The economy subsequently began to pick up in mid-2013, with Osborne's net public approval rating rising from −33 to +3 over the following 12 months.
By March 2015 the annual deficit had been cut by about half of the initial target; thus, the debt-to-GDP ratio was still rising. Also, the United Kingdom national debt increased more during the five-year term than during the previous 13 years.
Moreover, the economy deteriorated after the election owing to the uncertainty caused by the referendum. Reviewing his performance in July 2016, The Guardian said that the UK still had a budget deficit of 4%, a balance-of-payments (trade) deficit of 7% of GDP, and (apart from Italy) the worst productivity among the G7 nations. An Office for National Statistics graph including the period 2010–2016 shows a worsening balance-of-trade deficit.
The Conservative manifesto for the 2015 general election contained a promise not to raise income tax, VAT, or national insurance for the duration of the parliament. Journalist George Eaton maintains that Osborne did not expect an outright Conservative majority, and expected his Liberal Democrat coalition partners to make him break that promise.
After the Conservatives won an overall majority at the 2015 general election, Osborne was reappointed Chancellor of the Exchequer by Cameron in his second government. Osborne also received the honorific title of First Secretary of State.
July budget 2015
Osborne announced on 16 May that he would deliver a second Budget on 8 July, and promised action on tax avoidance by the rich by bringing in a "Google tax" designed to discourage large companies diverting profits out of the UK to avoid tax. In addition, large companies would now have to publish their UK tax strategies; any large businesses that persistently engaged in aggressive tax planning would be subject to special measures. However, comments made by Osborne in 2003 on BBC2's Daily Politics programme then resurfaced; these regarded the avoidance of inheritance tax and using "clever financial products" to pass the value of homeowners' properties to their children, and were widely criticised by politicians and journalists as hypocritical.
The second Budget also increased funding for the National Health Service, more apprenticeships, efforts to increase productivity and cuts to the welfare budget. In response, the Conservative-led Local Government Association, on behalf of 375 Conservative-, Labour- and Liberal Democrat-run councils, said that further austerity measures were "not an option" as they would "devastate" local services. They said that local councils had already had to make cuts of 40% since 2010 and couldn't make any more cuts without serious consequences for the most vulnerable. After the budget, many departments were told to work out the effect on services of spending cuts from 25% to 40% by 2019–20. This prompted fears that services the public takes for granted could be hit, and concern that the Conservative Party had not explained the policy clearly in its manifesto before the 2015 election.
Osborne announced the introduction of a "National Living Wage" of £7.20/hour, rising to £9/hour by 2020, which would apply to those aged 25 or over. This was widely cheered by both Conservative MPs and political commentators. He also announced a raise in the income tax personal allowance to £11,000; measures to introduce tax incentives for large corporations to create apprenticeships, aiming for 3 million new apprenticeships by 2020; and a cut in the benefits cap to £23,000 in London and £20,000 in the rest of the country.
The July budget postponed the predicted arrival of a UK surplus from 2019 to 2020, and included an extra £18 billion more borrowing for 2016–20 than planned for the same period in March.
In the July Budget, Osborne also planned to cut tax credits, which top up pay for low-income workers, prompting claims that this represented a breach of promises made by colleagues before the general election in May. Following public opposition and a House of Lords vote against the changes, Osborne scrapped these changes in the 2015 Autumn Statement, saying that higher-than-expected tax receipts gave him more room for manoeuvre. The IFS noted that Osborne's proposals implied that tax credits would still be cut as part of the switch to Universal Credit in 2018.
In July 2015, Osborne was criticised by John Mann of the Treasury Select Committee for ending the contract of Martin Wheatley, head of the Financial Conduct Authority, and undermining the independence of the regulator. Wheatley had angered the banks by cracking down on misselling following the payment protection insurance scandal and fining them £1.4B.
Osborne was also criticised over his perceived inaction on enacting policies set forth by the Organisation for Economic Co-operation and Development (OECD) to combat tax avoidance. MPs called for an inquiry in January 2016, when it was revealed that a retrospective tax deal the Treasury agreed with Google over previous diverted profits allowed it to pay an effective tax rate of just 3% over the previous decade.
BBC licence fee
According to The Guardian, Osborne was "the driving force" behind the BBC licence fee agreement which saw the BBC responsible for funding the £700m welfare cost of free TV licences for the over-75s, meaning that it lost almost 20% of its income. The Guardian also noted Osborne's four meetings with News Corp representatives and two meetings with Rupert Murdoch before the deal was announced.
Hinkley Point C
George Osborne strongly supported China's involvement in sensitive sectors such as the Hinkley Point C nuclear power station. The then Home Secretary Theresa May had been unhappy about Osborne's "gung-ho" attitude to the Chinese, and had objected to the project. It has been delayed for final approval after May assumed the Prime Ministership. In 2015, May's political adviser Nick Timothy expressed his worry that China was effectively buying Britain's silence on allegations of Chinese human rights abuse, and criticised David Cameron and Osborne for "selling our national security to China" without rational concerns and "the Government seems intent on ignoring the evidence and presumably the advice of the security and intelligence agencies." He warned that the Chinese could use their role in the programme (designing and constructing nuclear reactors) to build weaknesses into computer systems which allow them to shut down Britain's energy production at will and "...no amount of trade and investment should justify allowing a hostile state easy access to the country's critical national infrastructure."
In Osborne's first 2016 budget he introduced a sugar tax and raised the tax-free allowance for income tax to £11,500, as well as lifting the 40% income tax threshold to £45,000. He also gave initial funding for several large infrastructure projects, such as High Speed 3 (an east–west rail line across the north of England), Crossrail 2 (a north–south rail line across London), a road tunnel across the Pennines, and upgrades to the M62 motorway. There would also be a new "lifetime" Individual Savings Account (ISA) for the under-40s, with the government putting in £1 for every £4 saved. Those saving £4000 towards a house deposit were promised an annual £1000 top-up until they reached 50. £100m was also allocated to tackle rough sleeping. However, many charities complained that they thought Osborne's 2016 budget favoured big business rather than disabled people.
Osborne was criticised by The Daily Telegraph in August 2016 after 500,000 people opened the new ISAs hoping to use them as a house deposit, only to find the bonus would not be paid until the house sale was completed—a flaw which led experts to describe the scheme as useless and a scam.
Following the UK's vote to leave the European Union in June 2016, Osborne pledged to further lower corporation tax to "encourage businesses to continue investing in the UK". Osborne had already cut the corporation tax rate from 28% to 20%, with plans to lower it to 17% by 2020.
The Financial Times describes Osborne as "metropolitan and socially liberal. He is hawkish on foreign policy with links to Washington neo-conservatives and ideologically committed to cutting the state. A pragmatic Eurosceptic". There is evidence of this commitment to cutting the state in his party's manifesto, with Osborne and the Conservatives seeking to cut the deficit "faster and deeper" than any other main party as well as committing to various tax cuts such as inheritance tax and national insurance. According to an IFS report before the 2010 general election, the Conservatives needed to find more money from cuts beyond what they had outlined than any other major party, although the report was also critical of Labour and the Liberal Democrats. He has stated that the British economy must diversify away from London following the 2008 banking crisis, most notably in the form of the Northern Powerhouse policy proposals which aim to improve transport links and boost science and technology investment in the cities of the North in order to increase economic output.
After previously drawing parallels between Ed Miliband's economic views and those of Karl Marx in Das Kapital, in a 2017 interview with former Treasury colleague Lord O'Neill, Osborne said that Marx's claim in Das Kapital that capitalists would take an increasing share of wealth from the proceeds of economic production at the expense of workers could be argued as an accurate description of something that appeared to be occurring under the process of globalization, arguing that there was a need to "democratise capital" and ensure "that people have more capital in capitalism", such as larger pensions and more opportunities for savings and home and share ownership.
Whilst David Cameron was prime minister, Osborne was widely viewed as a potential future leader of the Conservatives were Cameron to stand down and trigger a leadership contest, despite being seen as a relatively unpopular figure with the general public. Conservative MP Nadhim Zahawi suggested that the closeness of his relationship with Cameron meant the two effectively shared power in the 2010–16 government, whilst commentators pointed to Osborne's hand in Cabinet reshuffles. He worked hard on rebuilding his image after the much-criticised 2012 budget.
Michael Deacon of The Daily Telegraph has described Osborne as "the prince of the parliamentary putdown" after, during one House of Commons debate, he managed to taunt both Ed Balls and Norman Baker in one sentence. Osborne denied rumours that he had referred to his colleague Iain Duncan Smith as "not clever enough", which were published in Matthew d'Ancona's book In It Together.
Osborne returned to the backbenches when Philip Hammond replaced him as Chancellor on 13 July 2016, following Theresa May's appointment as Prime Minister. It was announced on 4 August 2016 that Osborne was to be made a Companion of Honour in the Resignation Honours list following David Cameron's resignation. Unlike Cameron, Osborne intended to remain an MP and stand for parliament again in 2020, although proposed boundary changes could have led to the abolition of his Tatton constituency.
By October 2016, he was writing a book called Age of Unreason; it is a diatribe against "populist nationalism". Osborne's lucrative speaking engagements for a range of financial institutions since his dismissal as Chancellor helped make him the highest earning MP in 2016. In February 2017 he started a new role as a part-time advisor to BlackRock, the world's largest fund manager, for a salary of £650,000 for a one-day a week. The job was approved by the Advisory Committee on Business Appointments, which stated that during Osborne's time as Chancellor "there were no specific policy decisions ... that would have affected BlackRock", and the Permanent Secretary at the Treasury had "no concerns" about Osborne taking up the role.
In 2017, Osborne became the first Kissinger Fellow at the McCain Institute for International Leadership. While the Institute is based in John McCain's home state of Arizona, Osborne will remain in the UK.
Osborne announced he would be standing down as the MP for Tatton in April 2017, a day after the 2017 general election was declared. He did not rule out returning to the Commons at some point. "It's still too early to be writing my memoirs", he wrote in a letter to his constituency party, and did not "want to spend the rest of my life just being an ex-chancellor. I want new challenges".
Evening Standard editor (2017–2020)
Then still an MP, Osborne was announced on 17 March 2017 as the next editor of the London Evening Standard, a position which he assumed on 2 May. Critics of his appointment questioned his lack of journalistic experience and his intention to remain MP for Tatton during his tenure with the newspaper, which other MPs said would constitute a conflict of interest and devalued the role of an MP. He was also accused of breaking the post-ministerial employment rules of the Advisory Committee on Business Appointments by accepting the editorship without the committee's approval.
Private Eye subsequently documented in detail the relationship between Osborne and Standard owner Evgeny Lebedev, who appointed Osborne as editor. During Osborne's time as Chancellor of the Exchequer he regularly pledged Treasury money to Standard charitable campaigns, such as his offer in 2015 to match readers' donations by up to £1.5 million to the Standard's Great Ormond Street Hospital appeal. In September 2015, the newspaper ranked Osborne in joint-first place on its annual 'Progress 1000' list of the most influential people in London. It was also highlighted that, as Chancellor, Osborne failed to tackle the advantageous tax status for so-called non-doms, which Lebedev was understood to benefit from, while Lebedev's paper strongly supported the Conservative Party in the 2015 general election and the Conservatives' candidate Zac Goldsmith in the 2016 London mayoral election.
In mid-2018, the Standard reported a loss of £10 million for the last year to the end of September, with The Guardian labelling it "in the red again". That year the paper dropped 'London' from its title to reflect greater national and international ambitions as part of a relaunch. For 2018, the Standard reported a £11.5M loss amid speculation of "ad struggles".
Comments on Theresa May
In a profile of Osborne published by Esquire magazine in September 2017, it was said that he had commented to several staff at the Standard that he would not be satisfied until Theresa May was "chopped up in bags in my freezer". While Osborne had used macabre imagery about May in the past, he did not directly comment on the incident, although he was criticised for the alleged remark. An editorial in the Standard, published nearly a week later, was interpreted as Osborne's apology to May. It said "harsh words" had been said in connection with the Prime Minister's Brexit policy, but "intemperate language, even when said in jest" was inappropriate.
Parallel political efforts
In September 2017 Osborne was named a distinguished visiting fellow at the Hoover Institution and a dean's fellow at the Stanford Graduate School of Business. He specialised in research on international politics and the global economy.
Osborne was discussed as a potential candidate for Mayor of London in the election originally scheduled to be held in 2020 but then pushed back to 2021 due to the COVID-19 pandemic. He said that as well as considering a bid, he would not rule out a return to parliament. In an interview with LBC in March 2018, however, he said he would not stand for mayor as it would clash with his role as editor.
On 3 July 2019, the Financial Times reported that Osborne was seeking backing to replace Christine Lagarde as Managing Director of the International Monetary Fund (IMF). The global organisation, which works to foster monetary cooperation between nations, had its highest role held only by European nationals since its founding. Lagarde's replacement was to be selected by the IMF's executive board, where the United States, Japan and China held the largest shares of the total vote. Osborne said he was "uniquely placed" to win both US and Chinese support, and argued that the current climate required "a skilled political communicator and operator to deal with the likes of Trump and Xi - not a technocrat".
The Leader of the Labour Party Jeremy Corbyn described the IMF as "the leading global enforcer of austerity", and said that allowing Osborne to head the organisation, whom he called "the architect of UK austerity", would be "a dangerous combination".
Osborne needed to be nominated by directors on the IMF's executive board, who were elected by member countries, to enter the contest. Both European and British government sources said that Osborne, who backed Boris Johnson in the Conservative Party leadership election, would likely be the British nomination, due in part to Johnson's accession to Prime Minister. Several government figures, including Chancellor of the Exchequer Sajid Javid, endorsed Osborne for the role. He told The Times that "there's a number of discussions going on, and I think that George would make an excellent, absolutely superb head of the IMF." Boris Johnson spoke to President Trump in a phone call prior to the G7 summit to rally support for Osborne.
On 6 September 2019, Osborne abandoned his IMF leadership attempt, shortly after US Vice President Mike Pence's visit to 10 Downing Street. Sources confirmed that the Chief Executive of the World Bank, Kristalina Georgieva, had been put forward as the European Union's nominee in August.
In February 2020, questions were raised about Osborne's future at the Evening Standard. On 12 June it was announced that he would step down as editor to move on to the role of editor-in-chief. He was succeeded by the former deputy editor of British Vogue and sister-in-law of David Cameron, Emily Sheffield, on 1 July.
In popular culture
Osborne is heir apparent to his family's Irish baronetcy, of Ballentaylor and Ballylemon in County Waterford. He has 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 Hon 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 :
- Luke Benedict Osborne (born 15 June 2001)
- Liberty Kate Osborne (born 27 June 2003)
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.
- 13 May 2010: appointed to the Privy Council of the United Kingdom, giving the honorific style of "The Right Honourable" for life.
- Osborne baronets
- New Enterprise Council (Conservative Party, United Kingdom)
- United Kingdom government austerity programme
- "George Gideon Oliver Osborne". Archived from the original on 19 March 2014. Retrieved 3 November 2014.
- Charles Mosley, Burke's Peerage and Baronetage, 107th edition, volume 2, page 3030.
- Rachel Sylvester and Alice Thomson (22 July 2005). "The future belongs to us, predicts Tory party's young star". The Daily Telegraph. London. Archived from the original on 12 December 2009. Retrieved 23 August 2009.
- "OSBORNE, Rt Hon. George (Gideon Oliver)". Who's Who. ukwhoswho.com. 2015 (online Oxford University Press ed.). A & C Black, an imprint of Bloomsbury Publishing plc. doi:10.1093/ww/9780199540884.013.U41779. (subscription or UK public library membership required)
- White, Michael; Boles, Nick (8 October 2009). "Britain's Top 10 Tories". The Guardian. London. Archived from the original on 31 October 2013. Retrieved 23 February 2010.
- "Former Chancellor George Osborne discovers he is Jewish". Jewish News. 14 May 2018. Archived from the original on 24 July 2018. Retrieved 13 May 2019.
- Mendick, Robert (14 May 2018). "George Osborne speaks of his delight after discovering he is Jewish". The Daily Telegraph. Archived from the original on 12 May 2018. Retrieved 12 May 2018.
- "Osborne (I Baronet, 1629)". www.cracroftspeerage.co.uk. Archived from the original on 8 December 2017. Retrieved 2 May 2017.
- Charles Mosley, editor, Burke's Peerage, Baronetage & Knightage, 107th edition, 3 volumes (Wilmington, Delaware, U.S.: Burke's Peerage (Genealogical Books) Ltd, 2003), volume 2, page 1989.
- Ross, Tim (7 November 2008). "St Paul's School in £150m rebuild". London Evening Standard. Archived from the original on 3 July 2012. Retrieved 10 January 2010.
- "George Osborne Visits Magdalen – Magdalen College Oxford". Archived from the original on 30 September 2015. Retrieved 10 October 2015.
- Day, Elizabeth (1 October 2011). "George Osborne and the Bullingdon club: what the chancellor saw". The Guardian. Archived from the original on 13 January 2016. Retrieved 25 October 2015.
- "Jeopardy! and Other Breaking News". Daybook Davidson – Davidson College. Archived from the original on 12 July 2010. Retrieved 3 November 2014.
- Kuper, Simon (7 July 2016). "Brexit: a coup by one set of public schoolboys against another". ft.com. Retrieved 8 July 2016.
- "The real George Osborne". theguardian.com. 28 November 2011. Archived from the original on 2 July 2016. Retrieved 8 July 2016.
- The real George Osborne Archived 7 January 2017 at the Wayback Machine. Andy Beckett. The Guardian. 28 November 2011.
- Eaglesham, Jean (6 September 2008). "Profile: George Osborne". Financial Times. Retrieved 22 March 2017.[permanent dead link]
- Watt, Nicholas (12 May 2005). "Hague rejects post of shadow chancellor". The Guardian. London. Archived from the original on 16 December 2013. Retrieved 4 May 2008.
- "Osborne will not enter Tory race". BBC News. 20 May 2005. Archived from the original on 21 February 2006. Retrieved 22 April 2007.
- Greig, Geordie (6 November 2009). "David Cameron: Would I sack George Osborne? Yes absolutely if I have to..." London Evening Standard. Archived from the original on 8 November 2009. Retrieved 6 November 2009.
- Schifferes, Steve (10 October 2005). "Flat tax inventor turns critic". BBC News. Archived from the original on 24 August 2006. Retrieved 16 April 2010.
- Cathy Newman (2 December 2005). "Shadow chancellor attacks 'brutal' Brown". Financial Times. Archived from the original on 5 December 2005. Retrieved 19 November 2007.
- "Treasury questions". Hansard : Column 1637. 26 October 2006. Archived from the original on 3 February 2008. Retrieved 19 November 2007.
- Derek Draper (21 August 2006). "Cameron's boot boys". The Guardian. London. Archived from the original on 3 February 2008. Retrieved 19 November 2007.
- Philip Webster (5 December 2005). "New era will begin with attack on Brown's record". The Times. London. Retrieved 19 November 2007.
- "Osborne's Autism Jibe Criticised". BBC News. 2 October 2006. Archived from the original on 3 March 2008. Retrieved 31 March 2010.
- "Tories 'to match Labour spending'". BBC News. 3 September 2007. Archived from the original on 30 August 2017. Retrieved 17 May 2015.
- "Tories will match Labour's public spending for next three years". Conservative Home. 3 September 2007. Archived from the original on 21 April 2015. Retrieved 17 May 2015.
- "Leading article: Flawed judgement of a Shadow Chancellor". The Independent. London. 22 October 2008. Archived from the original on 23 July 2010. Retrieved 23 November 2009.
- Elliott, Francis; David Robertson (23 October 2008). "Nathaniel Rothschild: the solid financier reverted to type?". The Times. London. Archived from the original on 18 July 2011. Retrieved 30 October 2010.
- "#164 Oleg Deripaska – The World's Billionaires 2009". Forbes. 11 March 2009. Archived from the original on 1 October 2011. Retrieved 28 August 2017.
- d'Ancona, Matthew (26 October 2008). "Doesn't 'Yachtgate' give you that sinking feeling?". The Daily Telegraph. London. Archived from the original on 4 March 2016. Retrieved 23 March 2016.
- Huhne donor probe call rejected Archived 26 October 2008 at the Wayback Machine. BBC News. 23 October 2008.
- Huhne calls for Investigation of George Osborne. Sky News. 23 October 2008.
- "Osborne fears sterling collapse". BBC News. 15 November 2008. Archived from the original on 16 February 2009. Retrieved 28 November 2017.
- "Osborne fears sterling collapse". BBC News. 15 November 2008. Archived from the original on 23 December 2008. Retrieved 15 November 2008.
- Brown, David (11 June 2009). "George Osborne 'flipped' second home to claim for £450,000 loan". The Times. London. Archived from the original on 5 August 2011. Retrieved 11 June 2009.
- "George Osborne bought paddock with taxpayer's money". The Daily Telegraph. 7 December 2012. Archived from the original on 30 March 2016. Retrieved 22 March 2016.
- "George Osborne's mortgage on paddock paid by taxpayers". The Guardian. 7 December 2012. Archived from the original on 4 April 2016. Retrieved 23 March 2016.
- "Q&A: MP expenses row explained". BBC News. 18 June 2009. Archived from the original on 4 September 2017. Retrieved 23 March 2016.
- "George Osborne in expense claim for paddock". The Independent. 7 December 2012. Archived from the original on 4 April 2016. Retrieved 23 March 2016.
- Kite, Melissa (13 June 2009). "MPs' expenses: George Osborne 'must be made to pay' say Lib Dems". The Daily Telegraph. London. Archived from the original on 16 June 2009. Retrieved 13 June 2009.
- "MPs' expenses: The table of paybacks". The Daily Telegraph. London. 20 June 2009. Archived from the original on 23 June 2009. Retrieved 18 June 2009.
- "Tatton MP George Osborne claimed £47 expenses for DVDs of his speech on 'value for taxpayers' money". Archived from the original on 23 July 2011. Retrieved 18 June 2009.
- "Osborne agrees to repay £1,936 after expenses breach". BBC News. 21 January 2010. Retrieved 21 January 2010.
- Tall, Stephen. "'Where's George Osborne? I'm curious'". The Guardian. Archived from the original on 19 December 2013. Retrieved 28 April 2009.
- "Privy Council Orders". Privy Council. 13 May 2010. Archived from the original on 11 June 2011. Retrieved 26 July 2010.
- Martin Wolf (10 June 2010). "A question for chancellor Osborne". Financial Times. Archived from the original on 28 December 2010. Retrieved 10 June 2011.
- "Osborne will be 'tougher than Thatcher'". Today. BBC Radio 4. 25 February 2010. Archived from the original on 18 May 2015. Retrieved 15 May 2015.
- Emma Rowley (12 June 2011). "UK economy 'Plan A' – Is George Osborne on the right path?". The Sunday Telegraph. Archived from the original on 15 June 2011. Retrieved 12 June 2011.
- "George Osborne outlines detail of £6.2bn spending cuts". BBC News. 24 May 2010. Archived from the original on 30 August 2017. Retrieved 24 May 2010.
- Larry Elliott (29 June 2010). "Budget will cost 1.3m jobs – Treasury". The Guardian. Archived from the original on 2 October 2013. Retrieved 10 June 2011.
Unpublished estimates of the impact of the biggest squeeze on public spending since the second world war show that the government is expecting between 500,000 and 600,000 jobs to go in the public sector and between 600,000 and 700,000 to disappear in the private sector by 2015. . . . A slide from the final version of a presentation for last week's budget. . . . says: "100–120,000 public sector jobs and 120–140,000 private sector jobs assumed to be lost per annum for five years through cuts. "
- Ed Howker (14 September 2010). "Barber, Blanchflower and the fake debate on double dip". Coffee House. UK. Retrieved 10 June 2011.[permanent dead link]
- Prince, Rosa (29 July 2010). "George Osborne: Trident is not exempt from budget cuts". The Daily Telegraph. London. Archived from the original on 2 August 2010. Retrieved 4 October 2010.
- "Key Spending Review announcements". Spending Review. HM Treasury. 22 November 2010. Archived from the original on 18 May 2011. Retrieved 10 June 2011.
- "Spending Review 2010: Key points at-a-glance". BBC News. 21 October 2010. Archived from the original on 2 June 2011. Retrieved 10 June 2011.
- Sam Coates (25 November 2008). "Parties reveal their battle lines for the next election". The Times. Archived from the original on 9 August 2011. Retrieved 11 June 2011.
- George Osborne (4 October 2010). "George Osborne's speech to the Conservative party conference in full". The Guardian. Archived from the original on 2 October 2013. Retrieved 11 June 2011.
- Martin Wolf (20 October 2010). "A spending review for a diminished country". Financial Times. Archived from the original on 28 January 2011. Retrieved 30 September 2013.
The chancellor presents the hypothesis of looming national 'bankruptcy'. If so, the UK must have been bankrupt for much of the past two centuries.
- Phillip Inman (4 November 2010). "George Osborne accused of misleading public over UK bankruptcy claim". The Guardian. Archived from the original on 19 December 2013. Retrieved 30 September 2013.
- Mulholland, Helene (4 October 2010). "George Osborne to cap welfare payments". The Guardian. London. Archived from the original on 19 December 2013. Retrieved 4 October 2010.
- "Banks agree Project Merlin lending and bonus deal". BBC News. Archived from the original on 10 February 2011. Retrieved 3 November 2014.
- Nigel Morris (18 November 2011). "Osborne sells off Northern Rock for £400m loss". The Independent. Archived from the original on 24 February 2012. Retrieved 7 April 2012.
- "Treasury confirms 1 January restructuring of Northern Rock". HM Treasury. 8 December 2009. Archived from the original on 16 December 2009. Retrieved 9 December 2009.
- Harry Wilson (20 November 2011). "George Osborne reveals Northern Rock sale forced on him by secret Labour agreement with Brussels". The Sunday Telegraph. Archived from the original on 19 December 2011. Retrieved 7 April 2012.
- Parker, George (6 March 2015). "The reinvention of George Osborne". Financial Times. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- Grice, Andrew (29 September 2014). "Analysis: George Osborne inspired the Tory faithful, but will he ever be leader?". Independent. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- "Cut to top rate of tax helped raise an extra £8bn, Osborne claims". Archived from the original on 2 March 2016.
- Rowena Mason (27 March 2012). "George Osborne 'can't remember' eating in Greggs amid ridicule over pasty tax". The Daily Telegraph. Archived from the original on 27 March 2012. Retrieved 28 March 2012.
- Patrick Wintour; Owen Bowcott; Richard Norton-Taylor (28 May 2012). "George Osborne forced into pasty tax U-turn". The Guardian. Archived from the original on 12 November 2014. Retrieved 21 October 2014.
- "Government confirms U-turn on charity tax". The Guardian. 31 May 2012. Archived from the original on 10 July 2015. Retrieved 28 March 2015.
- Murphy, Joe (8 October 2012). "George Osborne: Workers of the world unite... and give up your rights". London Evening Standard. Archived from the original on 20 March 2017. Retrieved 2 April 2018.
- Mark King; Hilary Osborne (8 October 2012). "George Osborne's 'employee shares for rights' proposal draws scepticism". The Guardian. Archived from the original on 2 February 2017. Retrieved 11 December 2016.
- "HSBC avoided US money laundering charges because of 'market risk' fears". BBC. 12 July 2016. Archived from the original on 12 July 2016. Retrieved 12 July 2016.
- "UK's credit rating cut humiliating, Labour says". BBC News. Archived from the original on 21 October 2014. Retrieved 3 November 2014.
- "Budget 2013: Economic growth forecast for 2013 halved". BBC News. 20 March 2013. Archived from the original on 4 February 2017. Retrieved 22 March 2016.
- "Budget 2013: as it happened". The Daily Telegraph. 20 March 2013. Archived from the original on 4 February 2017. Retrieved 22 March 2016.
- "Budgets, polls and their impact on elections: a brief history". The Guardian. 19 March 2015. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- Asa Bennett (26 March 2015). "National debt, the deficit and cuts: where does each party stand in General Election 2015?". The Daily Telegraph. Archived from the original on 18 May 2015. Retrieved 2 May 2015.
- Larry Elliott (17 July 2016). "The fragile UK economy has a chance to abandon failed policies post-Brexit". Guardian newspapers. Archived from the original on 26 July 2016. Retrieved 24 July 2016.
- "Source dataset: Balance of Payments time series dataset (PNBP)". Office for National Statistics. 30 June 2016. Archived from the original on 11 September 2016. Retrieved 3 September 2016.
- "How George Osborne accidentally laid a trap for his own government". www.newstatesman.com. Archived from the original on 13 March 2017. Retrieved 13 March 2017.
- Election 2015: Prime Minister and ministerial appointments Archived 9 May 2015 at the Wayback Machine (press release), Prime Minister's Office (8 May 2015).
- Nicolas Watts, George Osborne made first secretary of state in cabinet reshuffle Archived 2 February 2017 at the Wayback Machine, The Guardian (8 May 2015).
- "Budget 2015: 'Google Tax' introduction confirmed". BBC News. 18 March 2015. Archived from the original on 23 September 2018. Retrieved 20 June 2018.
- "Autumn Statement 2015: Changes to bring in £5bn a year from tax avoidance". Archived from the original on 6 January 2016. Retrieved 24 January 2016.
- "Use 'clever financial products', advised George Osborne in 2003 – video". The Guardian. BBC2 Daily Politics. 16 February 2015. Archived from the original on 30 January 2016. Retrieved 24 January 2016.
- Mason, Rowena (16 February 2015). "Osborne advised using financial loopholes to avoid tax and care costs". The Guardian. Archived from the original on 31 January 2016. Retrieved 24 January 2016.
Gardner, Kashmira (16 February 2015). "George Osborne advised viewer on how to avoid inheritance tax on The Daily Politics show". The Independent. Archived from the original on 30 January 2016. Retrieved 24 January 2016.
- "George Osborne plans new Budget on 8 July". BBC News. 16 May 2015. Archived from the original on 17 May 2015. Retrieved 17 May 2015.
- "No more cuts, Tory councils tell George Osborne". The Guardian. 16 May 2015. Archived from the original on 16 May 2015. Retrieved 17 May 2015.
- Preston Robert BBC Treasury want reinvention of public sector Archived 20 March 2017 at the Wayback Machine
- The Independent (London) 27 October 2015 Tax credits: House of Lords votes to delay cuts by three years Archived 1 August 2017 at the Wayback Machine
- "Budget 2015: Osborne unveils National Living Wage". BBC News. Archived from the original on 16 July 2018. Retrieved 20 June 2018.
- "Jon Craig: Osborne's transition from pantomime villain to Tory rock star". publicaffairsnews.com. Archived from the original on 2 October 2015. Retrieved 15 August 2015.
- "Budget: The Key Points You Need To Know". Sky News. 8 July 2015. Archived from the original on 9 July 2015. Retrieved 8 July 2015.
- Liam Halligan (11 July 2015). "George Osborne's savvy display lacked tough fiscal action". The Daily Telegraph. Archived from the original on 16 July 2015. Retrieved 12 July 2015.
- Hattenstone, Simon (29 October 2015). "Cameron shouldn't be allowed to break his tax credit promise. Here's the solution". The Guardian. Archived from the original on 11 March 2016. Retrieved 5 March 2016.
- "Spending Review: George Osborne scraps cuts to tax credits". Archived from the original on 20 July 2018. Retrieved 20 June 2018.
- Phillip Inman (17 July 2015). "City watchdog chief quits after George Osborne vote of no confidence". The Guardian. Archived from the original on 21 September 2016. Retrieved 24 July 2016.
- "Why multinationals love Generous George". Private Eye (1410). 24 January 2016. Archived from the original on 24 January 2016. Retrieved 24 January 2016.
- Mason, Rowena (26 January 2016). "Google tax deal: MPs launch inquiry after criticism of £130m settlement". The Guardian. Archived from the original on 4 March 2016. Retrieved 5 March 2016.
- Jane Martinson and John Plunkett (6 July 2015). "George Osborne forces BBC to pay for over-75s' TV licences". Guardian Newspapers. Archived from the original on 18 December 2015. Retrieved 19 December 2015.
- Jasper Jackson and Jane Martinson (18 December 2015). "George Osborne met Rupert Murdoch twice before imposing BBC cuts". Guardian Newspapers. Archived from the original on 18 December 2015. Retrieved 19 December 2015.
- Why have ministers delayed final approval for Hinkley Point C? Archived 30 July 2016 at the Wayback Machine. The Guardian. 29 July 2016.
- Theresa May 'raised objections to project as home secretary' Archived 31 July 2016 at the Wayback Machine. The Guardian. 30 July 2016.
- Nick Timothy: The Government is selling our national security to China Archived 31 July 2016 at the Wayback Machine. Conservative Home. 20 October 2015.
- "HMRC Corporation Tax Statistics 2017" (PDF). p. 19. Archived (PDF) from the original on 6 October 2017. Retrieved 3 July 2018.
Includes Bank Levy, Bank Surcharge and Diverted Profits Tax
- "National Statistics dataset – HM Revenue and Customs receipts" (PDF). Archived (PDF) from the original on 3 July 2018. Retrieved 3 July 2018.
- "Gross Domestic Product at market prices: Current price: Seasonally adjusted £m". Archived from the original on 3 July 2018. Retrieved 3 July 2018.
- "Budget 2016 summary: Key points at-a-glance". BBC News. 16 March 2016. Archived from the original on 27 September 2018. Retrieved 20 June 2018.
- "George Osborne to announce £100m to tackle homelessness". Archived from the original on 21 March 2016.
- The Independent (London) 17 March 2016 George Osborne put big business ahead of children and disabled people in his Budget, charities say Archived 20 March 2017 at the Wayback Machine
- Katie Morley (19 August 2016). "Help to Buy Isa scandal:500,000 first time buyers told scheme cannot be used for initial deposit on homes". The Daily Telegraph. Archived from the original on 20 August 2016. Retrieved 20 August 2016.
- "Brexit: George Osborne pledges to cut corporation tax". BBC News. 4 July 2016. Archived from the original on 31 August 2018. Retrieved 3 July 2018.
- Chan, Szu Ping (11 September 2016). "Chancellor dismantles key Osborne pledge to cut corporation tax". The Telegraph. Archived from the original on 3 July 2018. Retrieved 3 July 2018.
- A Conservative Who's Who Archived 10 May 2010 at the Wayback Machine Financial Times. com
- General Election 2010: Parties misleading voters over deficit, warns think tank IFS[dead link]. Yahoo!! Finance. 27 April 2010.
- "Chancellor: 'We need a Northern powerhouse'". gov.uk. 23 June 2014. Archived from the original on 1 May 2015. Retrieved 22 March 2015.
- Singleton, David (6 January 2017). "George Osborne says Karl Marx may have been right about globalisation". Total Politics. Archived from the original on 9 February 2019. Retrieved 7 February 2019.
- "Tory leader race: Osborne's defeat boosts rival Boris". The Week. 1 October 2014. Archived from the original on 2 April 2015. Retrieved 28 March 2015.
- Deacon, Michael (4 November 2014). "Sketch: The Great British Baker's Off!". The Daily Telegraph. Archived from the original on 3 December 2017. Retrieved 2 April 2018.
- "Duncan Smith dismisses claim Osborne said he was 'not clever enough'". The Guardian. Archived from the original on 3 November 2014. Retrieved 3 November 2014.
- Slawson, Nicola (28 June 2016). "George Osborne will not contest Tory leadership race". The Guardian. Archived from the original on 28 June 2016. Retrieved 28 June 2016.
- Laura Hughes, Theresa May's Cabinet reshuffle: Boris Johnson appointed Foreign Secretary as George Osborne is sacked and replaced by Philip Hammond Archived 13 July 2016 at the Wayback Machine. The Daily Telegraph, 13 July 2016.
- "Osborne tops Ex-PM's honours list". BBC News. 4 August 2016. Archived from the original on 4 August 2016. Retrieved 4 August 2016.
- "Boundary changes: Why UK's political map is being re-drawn". BBC News. 13 September 2016. Archived from the original on 2 December 2017. Retrieved 24 December 2017.
- Stewart, Heather (16 September 2016). "George Osborne to chair Northern Powerhouse Partnership". The Guardian. Archived from the original on 26 January 2017. Retrieved 21 January 2017.
- Parker, George (23 September 2016). "Dinner with the FT: George Osborne". Financial Times. Archived from the original on 22 January 2017. Retrieved 21 January 2017.
- Hughes, Laura (6 October 2016). "George Osborne says capitalism and democracy are 'in crisis' as he announces new book". The Daily Telegraph. Archived from the original on 7 October 2016. Retrieved 8 October 2016.
- Roberts, Rachel (28 December 2016). "George Osborne named as highest earning MP of 2016". The Independent. Archived from the original on 22 July 2017. Retrieved 28 August 2017.
- https://www.politicshome.com/news/uk/political-parties/conservative-party/george-osborne/news/84048/george-osborne-earn-£650000[permanent dead link]
- "Osborne to join investment giant BlackRock as adviser". BBC News. 20 January 2017. Archived from the original on 21 January 2017. Retrieved 21 January 2017.
- "Treasury jest". Private Eye. London: Pressdram Ltd. 27 January 2017.
- Walker, Peter (30 January 2017). "George Osborne takes up academic job at McCain Institute". The Guardian. Archived from the original on 18 March 2017. Retrieved 18 March 2017.
- "George Osborne to quit as MP for Tatton at election". BBC News. 19 April 2017. Archived from the original on 19 April 2017. Retrieved 19 April 2017.
- "George Osborne announced as new Evening Standard editor". London Evening Standard. 17 March 2017. Archived from the original on 4 April 2017. Retrieved 4 April 2017.
- Roberts, Rachel (29 April 2017). "George Osborne supermarket photo: Former Chancellor papped as 'man of the people' posing with youths". The Independent. Retrieved 10 August 2020.
- "George Osborne to become paper editor". BBC News. 17 March 2017. Archived from the original on 17 March 2017. Retrieved 17 March 2017.
- Mason, Rowena; Gayle, Damien (18 March 2017). "George Osborne accused of breaching rules with Evening Standard job". The Guardian. ISSN 0261-3077. Archived from the original on 18 March 2017. Retrieved 18 March 2017.
- "St. George lowers the Standard". Private Eye. London: Pressdram Ltd. 24 March 2017.
- correspondent, Mark Sweney Media business (29 June 2018). "In the red again: George Osborne leads Evening Standard to £10m loss". The Guardian. ISSN 0261-3077. Retrieved 22 July 2019.
- Sweney, Mark (26 June 2019). "Evening Standard reports £11.5m loss amid ad struggles". The Guardian. ISSN 0261-3077. Retrieved 22 July 2019.
- Caesar, Ed (September 2017). "George Osborne's Revenge". Esquire. Archived from the original on 13 September 2017. Retrieved 13 September 2017.
- Mason, Rowena (13 September 2017). "George Osborne criticised for gruesome remarks against Theresa May". The Guardian. Archived from the original on 13 September 2017. Retrieved 13 September 2017.
- Hope, Christopher; Swinford, Stephen (19 September 2017). "Theresa May accepts George Osborne apology over reports he wants her 'chopped up in bags in freezer'". The Daily Telegraph. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
- "Theresa May's action on modern slavery deserves credit". London Evening Standard. 19 September 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
- "Former British Chancellor of the Exchequer George Osborne Joins Stanford's Hoover Institution and Graduate School of Business". Enhanced Online News. 20 September 2017. Archived from the original on 24 September 2017. Retrieved 23 September 2017.
- Wearmouth, Rachel (26 June 2018). "Justine Greening Rules Herself Out Of Race To Be Next London Mayor". HuffPost UK. Retrieved 14 June 2020.
- "Does George Osborne Want to Be Mayor of London?". Guido Fawkes. 2 May 2018. Retrieved 14 June 2020.
- Hope, Christopher (7 December 2017). "George Osborne refuses to rule out a return to public life as an MP or London Mayor". The Telegraph. Retrieved 14 June 2020.
- "George Osborne Rules Out Standing For London Mayor". LBC. 15 March 2018. Retrieved 14 June 2020.
- Aldrick, Philip; Elliott, Francis (4 July 2019). "George Osborne prepares bid to become first British head of the IMF". The Times. ISSN 0140-0460. Retrieved 5 July 2019.
- "George Osborne eyes chance of taking IMF top job". Financial Times. Retrieved 5 July 2019.
- "George Osborne considering replacing head of the IMF". The Independent. 4 July 2019. Retrieved 5 July 2019.
- Vaughan, Richard (4 July 2019). "George Osborne's Treasury record 'attacked' as he eyes up IMF bid". inews. Retrieved 5 July 2019.
- Waterfield, Bruno; Aldrick, Philip (2 August 2019). "Boris Johnson misses deadline to nominate George Osborne as IMF candidate". The Times. ISSN 0140-0460. Retrieved 23 August 2019.
- "Sajid Javid Backs George Osborne as Next Head of IMF". Bloomberg. 17 August 2019. Retrieved 23 August 2019.
- Shankleman, Jess (21 August 2019). "Boris Johnson Will Seek Trump's Backing to Put Osborne at IMF". Bloomberg. Retrieved 23 August 2019.
- Zeffman, Henry; Swinford, Steven (24 August 2019). "George Osborne's hopes of being next IMF chief fade". The Times. ISSN 0140-0460. Retrieved 8 September 2019.
- Elliott, Francis (6 September 2019). "George Osborne gives up on bid to become next IMF head". The Times. ISSN 0140-0460. Retrieved 8 September 2019.
- Lynch, Russell (5 September 2019). "George Osborne fails in bid to run the IMF". The Telegraph. ISSN 0307-1235. Retrieved 8 September 2019.
- Waterson, Jim (7 February 2020). "George Osborne's future at Evening Standard in doubt". The Guardian. Retrieved 25 February 2020.
- "George Osborne to step down as Evening Standard editor". BBC News. 12 June 2020. Retrieved 12 June 2020.
- Weaver, Matthew; Waterson, Jim (12 June 2020). "Emily Sheffield succeeds George Osborne as Evening Standard editor". The Guardian. Retrieved 12 June 2020.
- Sherwin, Adam (9 August 2020). "Runners and riders to be the BBC's next chairman: Amber Rudd or Andrew Neil could seize role". inews. Retrieved 9 August 2020.
- Samira Shackle, Stephanie Hegarty and George Eaton (1 October 2009). "The new ruling class". New Statesman. Archived from the original on 4 October 2009. Retrieved 10 January 2010.
- The Peerage, entry for George Osborne
- "George Osborne and wife Frances announce divorce". BBC News. 1 July 2019.
- "How rich is George Osborne?". London Business News | Londonlovesbusiness.com. 25 November 2015. Retrieved 30 September 2019.
- "When George Osborne won Politician Of The Year". British GQ. Retrieved 8 September 2019.
|Wikimedia Commons has media related to George Osborne.|
|Wikiquote has quotations related to: George Osborne|
- George Osborne at the Encyclopædia Britannica
- George Osborne MP official Conservative Party profile
- George Osborne for Tatton official constituency site
- Profile at Parliament of the United Kingdom
- Contributions in Parliament at Hansard
- Contributions in Parliament at Hansard 1803–2005
- Voting record at Public Whip
- Record in Parliament at TheyWorkForYou
- George Osborne collected news and commentary at The Guardian
- George Osborne collected news and commentary at The Telegraph
- Appearances on C-SPAN
- George Osborne on IMDb
- Profile: George Osborne BBC News, 5 April 2005
- Economic thinking after the crunch, video speech, RSA Insights, 8 April 2009
- The Real George Osborne, parody series featuring Rufus Jones as George Osborne, November–December 2011
- Debrett's People of Today
|Parliament of the United Kingdom|
| Member of Parliament
| Shadow Chief Secretary to the Treasury
| Shadow Chancellor of the Exchequer
| Chancellor of the Exchequer
| Second Lord of the Treasury|
| First Secretary of State
Title next held byDamian Green
| Editor of the Evening Standard
|Position established|| Editor-in-chief of the Evening Standard