New Government: Spotlight on Gideon/George Osborne

clock

George Osborne, the new Chancellor, is a member of the old Anglo-Irish aristocracy, being heir to the baronetcy of Ballentaylor in Co. Tipperary, Ireland.

He is the eldest son of Sir Peter Osborne, 17th Baronet and co-founder of the upmarket fabric and wallpapers designers, Osborne & Little.

Osborne, originally named Gideon, changed his name to George at 13, after his grandfather, a war hero. After attending St Paul's School, London, he studied Modern History at Oxford University, receiving an upper second-class degree.

Although originally Osborne intended to pursue a career as a journalist, his first foray into working life was less illustrious than one might expect, providing data entry services for the National Health Service by recording the names of those who died in London. He also briefly worked for Selfridge's department store.

He joined the Conservative Research Department in 1994 and became head of the Political Section. Between 1995 and 1997 he worked for the Ministry of Agriculture, Fisheries and Food as special adviser to minister Douglas Hogg.

Between 1997 and 2001 Osborne worked for the then Conservative leader William Hague as a speech writer and political secretary. He was elected as an MP for Tatton, Cheshire, in 2001 becoming, at the time, the youngest Conservative MP in the House of Commons.

In September 2004, he was appointed to the Shadow Cabinet as Shadow Chief Secretary to the Treasury. Following the 2005 general election, Osborne was promoted to Shadow Chancellor of the Exchequer at the tender age of 33 by the then-Conservative Party leader Michael Howard.

He then served as campaign manager for David Cameron's leadership campaign, and kept the Shadow Chancellor's post when Cameron became leader later that year.

Osborne is at times a controversial figure, known for his trenchant attacks on Brown and attracting criticism for his handling of the expenses fiasco, including one claim for £47 for two copies of a DVD of his own speech on "value for taxpayers' money".

More on Your profession

Marlborough makes 'significant' investment in London-based planner First Wealth

Marlborough makes 'significant' investment in London-based planner First Wealth

First Wealth manages approximately £480m of assets

Sahar Nazir
clock 28 March 2025 • 2 min read
IFS director warns of 'months of speculation' over Autumn tax rises

IFS director warns of 'months of speculation' over Autumn tax rises

Likely that taxes could be raised further, thinktank director warns

Sahar Nazir
clock 27 March 2025 • 2 min read
Shackleton adds £200m in assets with PK Financial Planning buy

Shackleton adds £200m in assets with PK Financial Planning buy

Acquires financial planning, employee benefits and DFM businesses

Jenna Brown
clock 27 March 2025 • 1 min read

In-depth

MPS movers: Why Quilter, Tatton, Waverton came out on top

MPS movers: Why Quilter, Tatton, Waverton came out on top

Less launches expected as industry has ‘seen the peak’

Isabel Baxter
clock 05 March 2025 • 5 min read
Driving change in advice: The importance of visible female leadership

Driving change in advice: The importance of visible female leadership

Leveraging International Women’s Day to boost awareness of financial planning careers

Sahar Nazir
clock 06 March 2025 • 6 min read
How FCA could tackle review of 'opaque' MPS market

How FCA could tackle review of 'opaque' MPS market

Target market an expected focus as propositions have ‘questions to answer’

Isabel Baxter
clock 03 March 2025 • 4 min read