Having promised to serve only one term, Bell did not contest the seat at the 2001 election, and the seat was won by Conservative George Osborne with a majority of 8,611 (20.8%). Osborne held the seat at the 2005 election with an increased majority, and became the Shadow Chancellor that year. He held the position of Chancellor of the Exchequer from 2010 to 2016, one of the highest frontbench government positions. Osborne served the seat until standing down at the 2017 election, having been announced as the new editor of the London Evening Standard newspaper in March of that year.