George Osborne

Evening Standard to furlough staff and cut pay

Evening standard
Reuters

The Evening Standard is putting a number of staff on furlough, while those that remain will have their salaries cut.

Editor George Osborne, the former chancellor, said the newspaper has seen a "big fall in advertising" since the coronavirus outbreak.

The measures are the latest to be taken by the free daily newspaper, owned by Russian billionaire Evgeny Lebedev.

The Standard has begun delivering to homes, for the first time, after a sharp fall in the number of commuters, who would normally pick up a copy at from vendors across London's transport hubs.

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George Osborne linked to IMF job

George Osborne
PA Media

Who might replace Christine Largarde as head of the International Monetary Fund after her nomination to run the European Central Bank?

According to reports, George Osborne, former Chancellor and current editor of London's Evening Standard, would like to take on the role.

The Financial Times says he was the first person to back Ms Lagarde for the role in 2011.

A number of other contenders are listed for the role including Bank of England governor Mark Carney and Mario Draghi who is leaving the ECB.