George Osborne was born in Paddington, London, as Gideon Oliver Osborne; he decided when he was 13 to be known by the additional first name of 'George'. In an interview in July 2005, he said: "It was my small act of rebellion. I never liked it name 'Gideon'. When I finally told my mother she said, 'Nor do I'. So I decided to be George after my grandfather, who was a war hero. Life was easier as a George; it was a straightforward name." He is the eldest of four boys. His father is Sir Peter Osborne, 17th Baronet, co-founder of the firm of fabric and wallpaper designers Osborne & Little. George Osborne is to inherit the baronetcy; he would thus become Sir George Osborne, 18th Baronet. His mother is Felicity Alexandra Loxton-Peacock, the daughter of Hungarian-born Jewish artist Clarisse Loxton-Peacock ("née" Fehér).