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: founded by, position held, currency, parent organization

On 8 July, UK Chancellor of the Exchequer George Osborne made a number of announcements relating to the tax system in the UK, including a number of changes that were not previously announced or expected.
position held