(MENAFN - Gulf Times) Chancellor of the Exchequer George Osborne faces a dilemma constructing his first budget in a majority Conservative government: how to give banks enough concessions to keep them in the UK without angering voters facing deeper austerity.
In the context of the input sentence, determine the relationship between 'George Osborne' and 'Chancellor of the Exchequer'.
Options: position held, headquarters location, original broadcaster, location of formation