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: position held, stock exchange, original broadcaster, employer

U.K. Chancellor of the Exchequer George Osborne will cut the nation’s bank levy over the next six years and limit it to domestic balance sheets after that, bowing to pressure from firms including HSBC Holdings Inc. that have threatened to leave London.
position held