Actually after giving it some thought I reckon being editor of the Standard will give Osborne more clout than at first it might appear.
He will be able to drop stories which embarrass the government, or at least relegate them to an obscure page deep within the paper (because it’s free many, if not most, Standard readers flick through it often just scanning).
Conversely he will be able to place other stories, perhaps ones attacking certain politicians, in very prominent places such as the front page. Even if people don’t pick up their free copies they can still read the headlines on the front page, something which the editor is responsible for.
OK the Standard is only a regional newspaper but London has a population which is 50% greater than that of Scotland. I can’t imagine many politicians, including Tory ones, wanting to rub Osborne up the wrong way after he starts his new job.
I am of course assuming that because Osborne is a politician he is likely to be politically motivated.
It sounds as if Osborne might have got himself a right result here. I’m not sure what it’s going to do to the credibility of the Standard though.