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His after dinner speeches have, according to the Register of Members' Interests, already pocketed him an expected £700,000 on top of his £75,000 salary as an MP.
Mr Lebedev tweeted: "Thrilled to announce the new editor of the Evening Standard is George Osborne.
The newspaper said: "The Standard's schedule will enable Mr Osborne to edit the paper and continue to fulfil his other commitments, including as an MP; giving him the time to vote and contribute in Parliament in the afternoon after the paper has gone to print, and be in his constituency." Mr Osborne, 45, tried to become a journalist before his political career began.
He was shortlisted for but failed to gain a place on The Times trainee scheme.
He said: “Right from the first speech I gave about the North of England, I’ve said that London needs a successful north and the north benefits from…
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George Osborne is the shock new editor of the London Evening Standard but insists he can still be an MP and do five other paid jobs including a £13,000-a-day banking role.
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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'.
GEORGE Osborne has been called on to stand down as an MP after it was announced he is to become the new editor of the London Evening Standard.
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