George Osborne Set to Receive Portion of £28 Million Compensation for Work at City Advisory Firm

George Osborne is set to receive a portion of £28 million in payouts from his role at Robey Warshaw, a City advisory firm. As a partner alongside three others at the Mayfair-based firm, his exact share of the sum, disclosed on Friday, remains unknown.

Robey Warshaw will be distributing £27.98 million among its four partners. Sir Simon Robey, co-founder, is the primary beneficiary, receiving £20.5 million. Known for landmark deals, Simon Robey has amassed roughly £175 million since establishing the firm in 2013 with investment banking elites, Simon Warshaw and Philip Apostolides.

Osborne, who joined Robey Warshaw in 2021, left his political role in 2016 and later served as editor of the Evening Standard. He is the first partner addition to the firm since its inception.

The firm witnessed a year-on-year increase in partner payouts by 6%, with profits also rising from £30.1 million to £31.8 million and turnover increasing by £6.2 million to £46.1 million. Notably, Robey Warshaw advised on the National Grid's $10.5 billion sale of its gas transmission arm.

Although generating £341 million turnover in eight years, the firm paid no taxes, citing its limited liability partnership structure, which places tax responsibility on individuals for their profit shares.

Sir Simon Robey, an avid Arsenal supporter, resides in Bramfield Hall, a 16th-century Suffolk estate, which he bought using his bonus.