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Former UK Chancellor of the Exchequer visits Magyar Nemzeti Bank

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2 March 2017

At the invitation of György Matolcsy, Governor of the Magyar Nemzeti Bank, George Osborne, former Chancellor of the Exchequer of the United Kingdom, has paid a visit to Budapest. The conservative politician held the position of Chancellor under David Cameron’s premiership. Following a consultation with the MNB’s management, Mr Osborne went on to give a presentation on the road leading up to Brexit and on the challenges Europe is facing after the referendum, in the Bank’s main building on 1 March. On 2 March, he was the guest of the MNB/Economania Lecture Series organised by the MNB Department of the Corvinus University of Budapest, which was attended by an audience of more than 400. The former Chancellor has been Member of Parliament since June 2001. Mr Osborne served in the government between 2010 and 2016, and he was in office for the longest period among UK Chancellors of the Exchequer. He has always stressed that Great Britain must uphold its membership in the European Union. He resigned on 13 July 2016, after the referendum resulted in a vote for the country to leave the EU. During Mr Osborne’s ministerial term, the UK economy enjoyed healthy growth, the budget deficit fell and indicators of employment improved strongly.