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.

May see the sterling face additional headwinds over the next 24-hours of trading should the budget statement delivered by Chancellor of the Exchequer George Osborne highlight more aggressive austerity measures & dampen expectations for a Bank of England (BoE) rate hike.

Answer: position_held