News Worms
News Worms

Osborne will provide better opposition than Corbyn, claims newspaper tycoon

Osborne will provide better opposition than Corbyn, claims newspaper tycoon

The committee has previously reprimanded Osborne for taking up a job outside Parliament before it has given its approval.

Mr Osborne left the frontbenches last July when he was sacked as chancellor.

The Tory MP's appointment was endorsed by Tony Blair today who joked it would make politics "more interesting".

A spokesman for Jeremy Corbyn said the appointment made a "mockery" of media independence and "insulted" Mr Osborne's constituents.

Nick Clegg said the BBC's Sunday Politics: he'd not spoken to Mr Osborne about his new role, but warned "he's taking a lot on".

The comments came as the chairman of the country's chief standards watchdog said rules regarding MPs' second jobs may need to be reviewed, given Osborne's decision not to resign as MP for his Cheshire constituency, which is nearly 200 miles from London. His salary has not been revealed.

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"We have not ruled out MPs having second jobs, quite deliberately, up until now, but we now have to look again at our rules".

Mr Osborne is no stranger to controversy for taking work outside Parliament, after he accepted a post as an adviser to the United States asset management fund BlackRock for £650,000 a year.

Lord Bew, chairman of the committee on standards in public life, told the Sunday Times the current rules were "getting into rockier waters".

Osborne's case raised the "issue of how much time MPs have to devote to their parliamentary work", Bew said.

Osborne, the Tory MP for Tatton was sacked as chancellor by incoming Prime Minister Theresa May previous year.

He told BBC1's The Andrew Marr Show: 'I think it is a great thing for the Evening Standard.

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The SNP MP Tommy Sheppard, who is a committee member, said there was "broad agreement" that an additional job "must be something that demonstrably doesn't prevent you doing your first job as an MP".

He said: 'You can not edit the Evening Standard and represent your constituents in any meaningful sense.

But the creator of the petition, now signed by more than 140,000 people, disagrees, and wrote "no other full-time job would let you just work afternoons" and that as MP for Tatton in Cheshire, "helping someone in need or providing vital support to struggling families... should always be George Osborne's number one priority".

As a former government minister, Osborne will have to seek the advice of the Advisory Committee on Business Appointments before he takes up his seat in the editor's office - in the building the Evening Standard still shares with the staunchly pro-Brexit and pro-Theresa May Daily Mail.

While the biggest question of all is likely to centre on a potential of conflict of interest scenario given Osborne's recent appointment to a £650,000 a year, 48 days per year role as an advisor to BlackRock, the world's biggest asset management firm.

His other outside jobs include £650,000 a year for advising the investment managers Blackrock, nearly £800,000 for being a speaker on the Washington Speakers bureau, and £120,000 for being the Kissinger Fellow for the McCain Institute.

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