George Osborne to earn share of £26.5m payout in first year at investment banking company

Robey Warshaw did not specify how much the former chancellor would collect

George Osborne will collect a share of a 26.5m payout for his first year working as partner at the City advisory firm Robey Warshaw.

The former chancellor, who orchestrated the austerity drive after the financial crisis, is one of four partners at the Mayfair-based investment banking company, which announced on Friday it would pay out a total of 26,482,914 to four men.