George Osborne named editor of London Evening Standard

George Osborne named editor of London Evening Standard”

Mr Osborne also accepted a controversial role with USA investment firm BlackRock, which is thought to come with a £200,000 pay cheque for one day a week. Labour lawmaker John Mann told the BBC that Osborne should quit parliament because he was not giving value to the taxpayer.

'It's absurd, the idea it's possible to do both.

Mr Osborne's editorship is one of several roles he has taken up after being forced out of frontbench politics. "I've run the country, but I've never run a newspaper". I'm just don't see how he can'.

The City Spy column criticised Osborne's reaction to the resignation of Charlotte Hogg, who stood down from her position as the Bank of England's deputy governor after failing to disclose her family's links with Barclays' Bank.

The Daily Telegraph said the 45-year-old may have been "thinking of his own future first" as his Tatton seat faces the axe at the next general election, and it would be a "waste of his ability if he should retire into obscurity at such a young age". According to newsroom sources, journalists at the paper found out via Twitter.

But despite all this work outside the Commons Mr Osborne will remain as an MP and will continue to vote and contribute in Parliament in afternoons after the paper goes to print, the Standard confirmed.

Ms Lucas said: "The truth is that by taking this job George Osborne has shown contempt for his constituents".

On top of being an MP, he gets paid £650,000 a year to advise Blackrock Investment Institute, as well as being the unpaid chairman of the Northern Powerhouse Partnership. The fee includes his pay as well as travel and accommodation.

Gold heads for first weekly gain in three as Fed hurts dollar
The dollar slipped to 113.02 Japanese yen from 113.26 yen. "The rate hike was priced in and we got it". The tech giant jumped $2.68, or 6.2 percent, to $45.73 for the biggest gain in the S&P 500 .

A Look at Gold as the Fed's Rate Hike Looms
The dollar index, which tracks the greenback against a basket of six trade-weighted peers, retreated 0.2 per cent to 100.18. US Treasury yields, which slid after the decision, staged a recovery on Thursday and continued to rise on Friday.

Oil market likely to slide into deficit in H1: IEA
Prices were also helped by a weaker dollar in the wake of the Federal Reserve's less-hawkish-than-expected rate announcement. A continuation of those factors can "cause oil prices to increase above $60 per barrel by year-end", said Yepez.

His Labour colleague Clive Lewis said he would be making a formal complaint to the Advisory Committee on Business Appointments - which vets jobs taken by ex-ministers - that Mr Osborne had not cleared his new role with it. But Liam, a young activist from Bedfordshire, also defended Osborne.

He was a prominent Remain campaigner in last year's referendum on Britain's membership in the European Union.

He said: 'This is such an exciting and challenging job and I'm thrilled to take it on.

His appointment as editor of the Evening Standard provoked "huge shock" in his constituency in Tatton, Cheshire, which is 200 miles away from London.

David Cameron, the former prime minister, described the appointment as a "great move" after he bumped into an Independent journalist while shopping at an organic food store close to the Evening Standard's office.

'I am proud to be a Conservative MP, but as editor and leader of a team of dedicated and independent journalists, our only interest will be to give a voice to all Londoners.

Outlining his editorial style, he said: "We will be fearless as a paper fighting for their interests". We will judge what the Government, London's politicians and the political parties do against this simple test: is it good for our readers and good for London? "If it isn't, we'll be quick to say so". "I'm a member of Parliament, I'm proud to represent my constituency".

"George is London through and through and I am confident he is the right person to build on the fantastic legacy of Sarah Sands".

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