Utilize the input text as a context reference, choose the right relationship between George Osborne and Chancellor of the Exchequer from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Chancellor of the Exchequer George Osborne took a loss on Monday’s sale as he tries to revive investor appetite in the bank, seven years after it became Britain’s biggest casualty of the financial crisis.

Answer: position_held