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: legal form, industry, position held, parent organization

Chancellor of the Exchequer George Osborne said the U.K.’s exit from loose monetary policy “is going to come” and Bank of England Governor Mark Carney has indicated that borrowing costs are set to rise.
position held