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23 May 2020 16:34

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We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The former chancellor called on the Government to set out its longer-term plan to instil confidence in the markets. Asked if he thinks the economy will "bounce back", he told BBC Radio 4's Today programme: "I'm not sure bounce is the right word. I think it will recover.

"In fact, I think the damage being done alone is actually less than the damage that was done during the banking crisis because that completely clogged up all the credit system. The drop is much sharper, this quarter of the year is an extraordinary fall in GDP. "I think the recovery can be quicker and the overall damage can be less but if I was in the Government now I would be starting to set out what my longer-term plan is, not just on the deficit but getting people who are unemployed back into work." Mr Osborne, who now edits the Evening Standard newspaper, added: "Over time we've to come to terms with the fact that Britain like every other country is poorer than we thought it was going to be and our economy is smaller than we thought it would be. Former Conservative MP George Osborne has claimed that he danced with Jennifer Lawrence at an Oscars after-party at Madonna's house, describing the Hunger Games star as "normal-sized" – apparently in comparison to most film stars he's met. Speaking to The Times about his role as the editor of The Evening Standard, Osborne commented: "One of the great things about being an editor is it's an excuse to go almost anywhere." "I remember turning up at this glamorous afterparty, certainly the most glamorous thing I've ever been invited to, and as I arrived, [former culture minister] Ed Vaizey was leaving, saying it was boring." Download the new Independent Premium app Sharing the full story, not just the headlines Osborne said that he met Madonna and "danced with Jennifer Lawrence".

Describing the actor, Osborne said: "You know how film stars are very often perfect and petite? Jennifer Lawrence is normal-looking. Well, not normal-looking – she's very beautiful – but normal sized. "She was so friendly and she danced with me, but she probably doesn't remember it." Some people have voiced their objection to Osborne's description of Lawrence. One person commented on Twitter: "So he danced near her and stared at her and decided she wasn't perfect looking. VOM." Under David Cameron's leadership, Osborne served as Chancellor of the Exchequer from 2010 to 2016. Elsewhere in the interview, he said he has been texting advice on the coronavirus pandemic to current prime minister Boris Johnson and health secretary Matt Hancock.