Next week, #George Osborne, the former chancellor of the exchequer who was sacked by prime minister Theresa May, will take a position at #Blackrock, an asset management firm. George Osborne will join the company as a senior adviser. The role is said to be remarkably similar to the role former prime minister Tony Blair took after he resigned in 2007.'

'A fantastic addition to the team'

Rupert Harrison, George Osborne's economic adviser, joined the asset management firm last year. Sky News' report states that Osborne will work with Blackrock's Investment Institute. The Investment Institute branch of Blackrock produces global economic research for existing and potential investors.

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Blackrock's CEO, Larry Fink, told Sky News: "George Osborne is a fantastic addition to our team. His economic insight will help our clients achieve their goals. Mr. Osborne provides an invaluable European perspective on politics, policy and economic changes".

Highest earning MP in 2016

In 2016, George Osborne was declared the highest earning MP. The Tatton MP charges around £75,000 for after dinner speeches, which is more than an MPs annual salary. Last year, Osborne earned upwards of £600,000 from speeches. Although Osborne's salary has not yet been made public, it will likely be in the hundreds of thousands given his experience. At the end of the year, Osborne will have to declare his salary in the register of members' interests.

In a statement released on Friday, the former chancellor said: "Blackrock wants better outcomes for savers-and I want to help them achieve their goals.

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It is an opportunity for me to work in one of the most prestigious companies in the world, but the majority of my time will be dedicated to being an MP and representing my constituents."

Labour politicians accused Osborne of "stuffing his pockets rather than concentrating on his job". John McDonnell lambasted the former chancellor: "The timing is a huge disappointment. Evidently, he has announced this during Trump's inauguration when the media's attention is turned elsewhere". #Theresa May