Welcome to the first of our Financial Players section – the who’s who for the City of London and the financial sector.
Today’s star performer is the Chancellor of the Exchequer: Rt. Hon George Osborne
Full Name: George Gideon Oliver Osborne
Occupation: Politician, Member of Parliament for Tatton
Current Role: Chancellor of the Exchequer
Education: Magdalen College, University of Oxford
Bio: George Osborne is the eldest son of Sir Peter Osborne, 17th Baronet of Ballentaylor. Originally named Gideon, George changed his name at the age of 13, naming himself George after his grandfather, a war hero. After an extensive education, including a 2:1 in Modern History from Oxford where he was famously a member of the elite Bullingdon Club, George Osborne joined the private sector and worked for both the NHS and Selfridges, before landing a job at Conservative Central Office in 1994.
Mr Osborne quickly climbed the ranks, becoming special advisor to Douglas Hogg in 1995 and joining the then Leader of the Opposition William Hague’s team in 1997. Elected as Member of Parliament for Tatton in 2001, George was soon promoted to the Shadow Cabinet as Chief Secretary to the Treasury in 2004 and in 2005 he was given the number two slot in the cabinet and promoted to Shadow Chancellor in 2005.
After the 2010 election, despite reservations across the country and in the press about his apparent lack of economic and ministerial experience, Mr Osborne was given the keys to the Treasury and ordered to tackle Britain’s largest deficit since time immemorial.