George Osborne, former Tory Chancellor, won’t run for parliament in 2017 General Election

Former Chancellor of the Exchequer George Osborne, who will be standing down as an MP at the 2017 Ge

Former Chancellor of the Exchequer George Osborne, who will be standing down as an MP at the 2017 General Election. Picture: HANNAH McKAY/PA WIRE - Credit: PA

Former chancellor George Osborne is to stand down from Westminster politics at the June 8 election.

Mr Osborne, MP for Tatton, made the revelation in the Evening Standard newspaper, where he is shortly to take up the editorship.

In a letter to his constituents in Cheshire, the former chancellor said he was “very excited” about the prospect of editing the paper.

However, he hinted at a possible future political comeback, saying he was leaving Parliament “for now”.

In the letter, published in the Standard, Mr Osborne said he intended to continue to take an active role in debating the future of the UK.

“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, like the success of the Northern Powerhouse,” he said.

“I want a Britain that is free, open, diverse and works with other nations to defend our democratic values in the world.

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“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.”