Utilize the input text as a context reference, choose the right relationship between 'George Osborne' and 'Chancellor of the Exchequer' from the options.
Options: position held, developer, currency, product/material produced

Chancellor of the Exchequer George Osborne took a loss on Monday’s sale as he tries to revive investor appetite in the bank, seven years after it became Britain’s biggest casualty of the financial crisis.
position held