UK MP quits over snap election

"I will go on fighting for that Britain I love from the editor's chair of a great newspaper".

In a statement released after Osborne's appointment, Labour's deputy leader, Tom Watson, said: "I know from conversations with journalists that the long hours and early starts that editing a newspaper like the Evening Standard requires are incompatible with the demands placed on hard-working constituency MPs".

Since he was removed from office by Mrs May a year ago, Mr Osborne has declared nearly £1 million in speaking fees in the Register of Members' Interests.

Mr Osborne, who is due to take up his newspaper job on May 2, also earns £640,000 a year for one day a week as an advisor at fund manager BlackRock.

Osborne hinted he could make a political comeback in future, saying he was leaving Westminster "for now".

Osborne said: "I am stepping down from the House of Commons - for now".

'I want new challenges, ' former finance minister says.

"I'm very excited about the opportunity to edit the Evening Standard". The former chancellor, who fronted the Remain campaign in last year's referendum on European Union membership, has already been critical of the premier's approach.

But explaining his decision to stand down, Mr Osborne told the Evening Standard: "At the age of 45, I don't want to spend the rest of my life just being an ex-chancellor".

May on Tuesday announced plans to call a general election on June 8.

"He said he didn't think his political career was over, and he said how ambitious he was".

"I think the general feeling will be that he's fallen on his sword a bit - but he's done the right thing in not seeking re-election. People always want their MP to have a bit of authority, and as chancellor he certainly had that".

She added: "That said, nothing surprises me in politics any more". Mr Osborne had indicated he was prepared to fight against a hard Brexit taking the United Kingdom out of the single market from the backbenches.

  • Leroy Wright