George Osborne Plans to Stand for Head of IMF Role

George Osborne, the former Chancellor of the Exchequer, is said to be considering standing as the next Head of the International Monetary Fund (IMF), which would make him the first British holder of the role. The current occupant of the job is Christine Lagarde, who is standing down later this year.

The Telegraph reported that sources close to Osborne, who is currently the editor of the Evening Standard, said:

“While it might be tricky for any UK candidate to get the job [given Brexit], George is probably the only Brit with the international reputation to pull it off.”

Osborne, who has recently backed Boris Johnson for the leadership of the Conservative Party, may face a challenge from Mark Carney, the outgoing Governor of the Bank of England.