Former UK finance minister Osborne to step down at June election


London – Former British finance minister George Osborne said on Wednesday he would stand down from Parliament at June's national election, according to a letter to constituents quoted in the London Evening Standard newspaper.

Last month Osborne, who had been tipped as a future prime minister until he lost his job as finance minister after helping lead the doomed campaign to stay in the European Union, was named editor of the Evening Standard.

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George Osborne File picture: Jose Luis Magana/AP

He has come under fire for taking on several jobs while remaining a member of Parliament, including a part-time job at asset manager BlackRock.

"I am stepping down from the House of Commons – for now. But I will remain active in the debate about our country’s future and on the issues I care about," Osborne said in the letter.

"I will go on fighting for that Britain I love from the editor’s chair of a great newspaper. It's still too early to be writing my memoirs."

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