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It emerged on the afternoon of the Budget on March 8 that he was being paid £650,000 for working one day a week at the American financial giant, Black Rock.
Last month Mr Osborne defended taking on additional work as part of his 'varied and interesting' contribution to national life.
Labour leader Jeremy Corbyn shared his view on the announcement, saying that it is 'taking multitasking to an extreme level' and calling it a 'joke'. The MP said: 'It may be he's taken the view he's not going to have a seat.' One Evening Standard insider told Mail Online they were stunned as the shock news when staff at the newspaper's offices were told via email this morning.
Mr Osborne then walked the floor of its Kensington newsroom and is meeting the journalists and executives this afternoon.
I'm just don't see how he can.'Senior Conservative Jacob Rees-Mogg suggested the Standard job could signal new political ambitions inside the Capital.
He told Mail Online: ‘I think it’s very interesting.
A senior Conservative MP told Mail Online he could not understand how Mr Osborne would 'juggle' all of his jobs. He must have thought about it – but I would have thought editing a newspaper is a full time job.'To do his advisory job and all those speeches as well?Mr Osborne is set to earn more than £1.6million thanks to the string of lucrative jobs he has lined up since being kicked out of 11 Downing Street.He has pocketed £786,450 from 14 speeches given mostly to banks and other City institutions He has also accepted a £120,212-a-year academic position as the first ever Kissinger Fellow at the Washington DC-based Mc Cain Institute for International Leadership.Of course this paper is edited primarily in the morning, Parliament votes in the afternoon crucially though people need to know this'.
Later he was asked if he could guarantee the paper's the independence: 'There are plenty of examples of MP's who have edited newspapers and magazines over the years'.After all, being chancellor was a 24/7 job.'But Angus Reilly, chairman of the Tatton Constituency Labour Party, said Mr Osborne should not continue as an MP.