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".
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.
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.
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.
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.
Goa Governor Mridula Sinha on Sunday appointed Defence Minister Manohar Parrikar as the new Chief Minister of Goa. Mr Parrikar exuded confidence that the BJP would prove its majority on the floor of the House on March 16.
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.
Giving those explanations, it's hard to understand why the United States is still allowing travel from, say, Afghanistan. It still suspends admission of refugees and still bans issuing visas to a group of Muslim countries.
This is a Microsoft decision, and one that AMD and Intel have no control over, despite what their customers may want. Microsoft's offer of a free upgrade to Windows 10 expired on 29 July 2016, and didn't apply to Vista users anyway.
Now, multiple reports have indicated that the Giants will also add former New York Jets quarterback Geno Smith to the mix. The 2015 season was supposed to be Smith's final chance to prove whether he was a respectable starting quarterback.
US Attorney General Jeff Sessions said in a statement that the attack was " one of the largest data breaches in history". Belan made the FBI's Cyber Most Wanted criminals list in November 2013.
Lukaku scores twice for Everton after rejecting new deal
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.
SNP: UK Government running scared of second independence vote
The remarks upped the ante in a war of words over Scottish independence as Britain prepares for intense European Union exit talks. Theresa May called for the country to come together to ensure "we can get the best deal for the whole of the United Kingdom".
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.
Person of Interest named in Glen Carbon fatal house fire
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.
Mount Etna explosion injures at least four in Italy
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.
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.