Former Tory MP is dropping nearly all current jobs to work at investment bank Robey Warshaw

George Osborne, the former chancellor who orchestrated the austerity drive after the financial crisis, is dropping his portfolio career to become a full-time banker.

Osborne announced on Monday that he is giving up nearly all his current jobs to become a partner at the investment bank Robey Warshaw. The former Conservative MP is currently editor-in-chief of the Evening Standard and the chair of the Northern Powerhouse Partnership. He is also paid £65,000 a year for working one day a week as an adviser to the fund manager Black Rock.

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