George Osborne has announced he is standing down as an MP in the wake of Theresa May's call for a snap General Election in June.
On Wednesday afternoon MPs are debating and voting on Theresa May's call for a snap General Election on 8 June, which will need a two-thirds majority to pass.
Osborne (pictured), currently MP for Tatton, took the opportunity to not stand for re-election.
He said: "I am stepping down from the House of Commons - for now. But I will remain active in the debate about our country's future and on the issues I care about, like the success of the Northern Powerhouse.
"I want a Britain that is free, open, diverse and works with other nations to defend our democratic values in the world.
"I will go on fighting for that Britain I love from the editor's chair of a great newspaper. It's still too early to be writing my memoirs."
Osborne has served as an MP since 2001. In January the ex-Chancellor took on a £650,000 senior adviser role on a part-time basis at Blackrock.
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