Yet the paper also warned in its leader column that the MP should "be aware. of the potential for conflicts of interest".
After university, Osborne tried but failed to get a place on The Times graduate scheme, though he wrote occasional pieces as a freelancer before entering politics.
Mr Osborne also accepted a controversial role with USA investment firm BlackRock, which is thought to come with a £200,000 pay cheque for one day a week.
Osborne indicated he would keep his job as a member of Parliament, together with a smattering of other advisory roles in private industry that are supplementing his income.
He said: 'This is such an exciting and challenging job and I'm thrilled to take it on.
Osborne will take on his new role as editor of the Evening Standard in early May after Sarah Sands, the previous editor, left to join the BBC.
Osborne said: "Growing up as a Londoner, I've always known that the Evening Standard is an institution that plays a huge part in the life of the city and its people". He said yesterday: "We will be fearless as a paper fighting for their interests". If it is, we'll support them. "If it isn't, we'll be quick to say so", he added. "I will remain in Parliament, where that future is debated".
Those words are likely to send a chill down the spine of Theresa May and her Downing Street team who, I am told, were kept in the dark until the BBC's dramatic news break.
The National Union of Journalists said: "Genuinely qualified journalists who would have done this hugely important job seriously are seeing it snatched away in a blatant, cynical political move". "Well, George Osborne is a very clever man - I am sure he could do anything he puts his mind to" she said. "I am proud to be a Conservative MP, but as editor and leader of a team of dedicated and independent journalists, our only interest will be to give a voice to all Londoners".
SC allows Goa swearing-in, orders Thursday floor test
Note: Manipur and Goa have been marked in red because at the time of writing, no party was in a position to form the government. However, Congress MLA Thounaojam Shyam Kumar, who has reportedly joined the BJP, was conspicuous by his absence.
But despite all this work outside the Commons Mr Osborne will remain as an MP and will continue to vote and contribute in Parliament in afternoons after the paper goes to print, the Standard confirmed.
A spokesman for Jeremy Corbyn said the appointment made a "mockery" of media independence and "insulted" Mr Osborne's constituents.
"He will edit the paper an average of four days a week".
The Tory MP, who was sacked by Theresa May previous year, will take up the reins of the London Evening Standard in May.
The incredulous Twitter tsunami of reactions to the Osborne editorship appointment included much mirth and some classic quips. A senior party source looked caught off-guard when approached by IBTimes UK, admitting that he had no prior knowledge of Osborne's new journalism job.
"It is also unprecedented in the modern era for a newspaper editor to be a sitting MP" says that report by Sky News. "He can not stay on as an MP, it's absolutely disgraceful". I doubt there is a single MP in any party who thinks it is acceptable.
Meanwhile The Guardian described the politician as the county's "most celebrated trainee journalist" as it welcomed him to the industry. The "gasps" occurred for many reasons, including the fact that Mr Osborne has no experience in journalism.
Paramedic Todd Zobrist pulled the boy's lifeless body out of the SUV and used the roof of the vehicle as a surface to perform CPR. The neighbor, Sherry Ricker, told the newspaper that she saw Cristy Campbell and held her infant son just three days earlier.
Thursday's explosion was the result of a so-called phreatomagmatic eruption, caused by magma hitting water - in this case snow. The BBC crew was shaken but physically OK despite having suffered cuts, bruises and burns , she wrote.
Arsenal legend Paul Merson has described his former side's upcoming trip to West Bromwich Albion as a potential banana skin. The Baggies could lose three Premier League games in a row for the first time this season .
As a standout at Marian, he was the star of the team before heading off to Princeton . "And we had to win it playing defense". And while they're a bit weak on the offensive boards, Notre Dame is a team that will not be able to punish them there.
It is safe to say that Los Angeles Dodgers' first baseman Adrian Gonzalez is not the biggest fan of the World Baseball Classic . Not only have there been some very good games early on, but there has been a playoff-type atmosphere during numerous matchups.
Big fan: Ava Tarantino , of Waukesha, Wisconsin, loves the Pittsburgh Steelers, especially their running back Le'Veon Bell. He challenged her to get 600-retweets of their exchange, and then he'd agree to be her date.
"As a state that has built its reputation on its clean green environment, this plan recognises that clean energy is our future". The aim is also to create more self-sufficiency using local resources, while reducing dependence on coal from Victoria.
Thumb up a few tracks on any Pandora radio station and Premium will automatically create a new playlist of these songs too. Existing Pandora radio subscribers will be able to try the new streaming service for no additional cost.
The Toffees had been confident the Belgium worldwide would sign a new five-year deal thought to be worth around £140,000 a week. Hull remain in the relegation zone and Marco Silva's team are three points from safety with nine games left to beat the drop.
Ackman generally buys large stakes in a handful of big companies and agitates for changes and transactions. Revenues in the quarter fell 13% to $2.4 billion, versus $2.8 billion in the same quarter of 2015.
He also criticized Democratic rival Hillary Clinton for receiving millions for paid speeches to Goldman and other financial firms. Attorney was marked by his willingness to follow cases where they took him and regardless of his targets' political affiliations.
Tesla raises $1.2 billion for Model 3 launch
According to a report by Fortune , Tesla shares opened at $264 today morning before dropping 0.7% and then rebounding. Elon Musk recently attended the 2017 World Government Summit in Dubai, to launch Tesla in the UAE.
Claims for unemployment benefits dip by 2000
The number of unemployed residents rose by 2,726 to 23,887, while the number of employed residents decreased by 1,094 to 387,721. The number of unemployed residents in the region rose from December to January by 1,033 to 14,139, labor officials said.
Watch all the action from the Cheltenham Festival Friday
I wasn't too anxious about the result because we have had such a good day anyway but Defi made it look easy", she said. Despite his late charge, Mullins couldn't hold off Gordon Elliott in the race to be leading trainer at the Festival.
Trump Moves to Loosen Obama's Fuel Economy Rules
Because EPA regulations allow for states to ask for waivers if they want stricter standards, this is what California did. Trump announced in MI on Wednesday that the EPA would review federal mileage standards for 2022 to 2025.
On Life Support After Massive Heart Attack
One of her fans is fellow homestyle cook rapper Snoop Dogg. Her condition didn't improve as the week started, though. Auntie Fee's most recent video was posted on March 7th.
Twitter Accounts Hijacked With Nazi Messages
Twitter Counter's Ginor added: "We do not store users' Twitter account credentials (passwords) nor credit card information". Twitter Counter informed users that it has now cut off tweet posting through its system and changed its Twitter app key.