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 announced the funds would be a guaranteed infrastructure investment, saying that the Hinkley Point plant was necessary to meet Britain's energy needs as older coal and nuclear plants are retired.

Answer: position_held