George Osborne announces he is standing down

Announcement from George Osborne, MP for Tatton

Following significant speculation that he would - and growing pressure that he should - resign from his role as constituency MP for Tatton after he has taken on a number of high profile jobs in the finance and media industries, George Osborne has today confirmed to journalists that he will quit as MP.

Mr Osborne has been an MP for 16 years and was the youngest Tory MP of his generation in 2001.

The Guardian reports Mr Osborne as saying: “I am stepping down from the House of Commons – for now. But I will remain active in the debate about our country’s future and on the issues I care about, like the success of the Northern Powerhouse.

“I want a Britain that is free, open, diverse and works with other nations to defend our democratic values in the world.

“I will go on fighting for that Britain I love from the editor’s chair of a great newspaper. It’s still too early to be writing my memoirs.”

Quoted in The Guardian, he explained his decision: “At the age of 45, I don’t want to spend the rest of my life just being an ex-chancellor. I want new challenges.

“I’m very excited about the opportunity to edit the Evening Standard. I’ve met the team there, and their energy and commitment to this great newspaper are positively infectious.”

The Guardian goes on to say that Mr Osborne promised his editorship would give the public: “straight facts and informed opinion to help them to make the big decisions Britain now faces about the kind of country we want to be. That starts with the coverage of this general election.”

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