Refer to the input text as context and select the correct relationship between 'George Osborne' and 'Chancellor of the Exchequer' from the available options.
Options: developer, product/material produced, currency, position held

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