U.K. Chancellor of the Exchequer George Osborne will cut the nation’s bank levy over the next six years and limit it to domestic balance sheets after that, bowing to pressure from firms including HSBC Holdings Inc. that have threatened to leave London.
Take context from the input text and decide on the accurate relationship between 'George Osborne' and 'Chancellor of the Exchequer' from the options provided.
Options: original broadcaster, position held, stock exchange, employer