George Osborne
Summary
George Gideon Oliver Osborne CH, born on May 23, 1971, is a former British politician and newspaper editor known for his influential role in the Conservative Party. Serving as Chancellor of the Exchequer from 2010 to 2016 and as First Secretary of State from 2015 to 2016 in the Cameron government, Osborne played a pivotal role in shaping economic and financial policies during a crucial period. Born to Peter Osborne, co-founder of Osborne & Little, George Osborne's educational journey included institutions like Norland Place School, Colet Court, St Paul's School, and Magdalen College, Oxford. After working with The Daily Telegraph and the Conservative Research Department, he served as a special adviser and worked on campaigns, eventually becoming the MP for Tatton in 2001.
As a Member of Parliament, Osborne held significant roles, including Shadow Chief Secretary to the Treasury and later Shadow Chancellor of the Exchequer. His notable achievements include running David Cameron's successful leadership campaign in 2005 and being appointed Chancellor after the 2010 general election. During his tenure, Osborne implemented austerity measures to address the budget deficit and initiated the Northern Powerhouse initiative. Following the 2015 general election, where the Conservatives secured a majority, Osborne continued as Chancellor and assumed the title of First Secretary of State. Despite being considered a potential successor to David Cameron, he faced challenges after the Brexit referendum in 2016, leading to his dismissal by Prime Minister Theresa May. Osborne subsequently served on the backbenches before leaving public office in the 2017 general election.
Since then, George Osborne has taken on prominent roles, including editor of the Evening Standard from 2017 to 2020, chair of the Northern Powerhouse Partnership since 2016, and chair of the British Museum since 2021. His multifaceted career reflects a blend of political leadership, economic stewardship, and contributions to cultural institutions.
Biography
George Gideon Oliver Osborne, born on May 23, 1971, in Paddington, London, is the eldest of four sons to Sir Peter Osborne, the co-founder of Osborne & Little, a renowned fabric and wallpaper design firm, and Felicity Alexandra Loxton-Peacock. His decision to adopt the additional first name 'George' at the age of 13 marked a small act of rebellion, inspired by his grandfather, Sir George Francis Osborne, a war hero. Osborne received his education at prestigious private schools, including Norland Place School, Colet Court, and St Paul's School. He continued his academic journey at Magdalen College, Oxford, graduating with a 2:1 bachelor's degree in Modern History in 1993. During his time at Oxford, he was a member of the Bullingdon Club and spent a semester at Davidson College in North Carolina as a Dean Rusk Scholar.
Osborne initially aspired to a career in journalism but turned to politics. He joined the Conservative Research Department in 1994 and quickly rose to become the head of its Political Section. His early political roles included observing the 1994 Labour Party Conference and serving as a special adviser to Minister of Agriculture, Fisheries, and Food during the BSE crisis. Osborne worked at 10 Downing Street and played a crucial role in Prime Minister John Major's campaign team in 1997. Subsequently, he worked for William Hague, Michael Howard, and David Cameron in various capacities. In 2001, Osborne was elected as the Member of Parliament for Tatton, Cheshire, becoming the youngest Conservative MP at that time. He secured re-elections in 2005 and 2010, consistently increasing his majority. These early experiences laid the foundation for Osborne's notable political career, culminating in his role as Chancellor of the Exchequer from 2010 to 2016.
Following his tenure in Parliament, George Osborne made a significant foray into media by becoming the editor of the Evening Standard, a position he assumed on May 2, 2017. This move, while met with criticism due to Osborne's lack of journalistic experience and concerns about potential conflicts of interest as a sitting MP, marked a distinctive transition in his career. Critics questioned his simultaneous role as an editor and Member of Parliament, asserting that it could undermine the integrity of both roles. Private Eye detailed the close relationship between Osborne and the newspaper's owner, Evgeny Lebedev, who appointed Osborne as the editor. Despite concerns, Osborne's time as Chancellor saw him actively support the Standard's charitable campaigns. However, controversies arose, such as his failure to address tax advantages for non-domiciled individuals, benefiting figures like Lebedev. Osborne's commitment to the newspaper extended beyond his role as editor, as he continued to contribute to various engagements, including joining 9Yards Capital, a growth-stage venture capital firm, as a partner and chairman. His multifaceted involvement in media, research, and advisory roles showcased Osborne's adaptability in navigating post-political career landscapes. In June 2020, Osborne transitioned to the role of editor-in-chief, underlining his enduring influence at the Evening Standard.
Vision
George Osborne envisions a dynamic and progressive future that converges economic resilience, technological innovation, and social inclusion. Drawing on his extensive experience as the former Chancellor of the Exchequer, Osborne's vision encompasses a global landscape where financial systems are shaped by blockchain technology and transformative fintech solutions. He foresees a financial services sector at the forefront of innovation, leveraging blockchains to revolutionize markets and online transactions. Osborne's commitment extends to guiding institutions like Coinbase, contributing to the redefinition of luxury living, and actively participating in the Northern Powerhouse Partnership. With an unwavering focus on bridging tradition with modernity, Osborne's vision fosters an environment where individuals and businesses thrive through cutting-edge financial solutions and collaborative, forward-thinking initiatives.
Recognition and Awards
References
- The reinvention of George Osborne | Financial Times
- Britain's Top 10 Tories | The Guardian
- Former Chancellor George Osborne discovers he is Jewish | Jewish News
- George Osborne speaks of his delight after discovering he is Jewish | The Daily Telegraph
- The future belongs to us, predicts Tory party's young star | The Daily Telegraph
- St Paul's School in £150m rebuild | London Evening Standard
- George Osborne and the Bullingdon club: what the chancellor saw | The Guardian
- Jeopardy! and Other Breaking News | Daybook Davidson – Davidson College
- Brexit: a coup by one set of public schoolboys against another | ft.com
- The real George Osborne | theguardian.com
- Profile: George Osborne | Financial Times
- Hague rejects post of shadow chancellor | The Guardian
- Osborne will not enter Tory race | BBC News
- David Cameron: Would I sack George Osborne? Yes absolutely if I have to... | London Evening Standard.
- Flat tax inventor turns critic | BBC News
- Shadow chancellor attacks 'brutal' Brown | Financial Times
- Cameron's boot boys | The Guardian
- New era will begin with attack on Brown's record | The Times
- Osborne's Autism Jibe Criticised | BBC News
- Tories 'to match Labour spending' | BBC News
- Tories will match Labour's public spending for next three years | Conservative Home
- Leading article: Flawed judgement of a Shadow Chancellor | The Independent
- Nathaniel Rothschild: the solid financier reverted to type? | The Times