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Shameless George Osborne has trousered more than half a million pounds in just seven weeks from making speeches in America.

The top Tory is cashing in on his time as Britain's austerity Chancellor by charging up to £80,000 a time on the after-dinner speaking circuit.

Updated earnings stats published this morning show he has now pocketed £508,069 for nine speeches between September 27th and November 17th after being sacked as Chancellor .

Labour MP Karl Turner said: "Ordinary families who have seen their pay frozen for years and their local care homes, libraries and bus routes closed will be shocked to see the man responsible cashing in on his time as Chancellor.

(Image: John Stillwell/PA)

"If George Osborne had any decency at all he would use these staggering fees to support some of the victims of his cruel austerity politics.

"The office of Chancellor should be used to improve the lives of working people, not as a stepping stone to feathering your own nest."

Mr Osborne's own records show the nine speaking engagements have taken a total of 19.5 hours - meaning he has been paid a staggering £26,055-an-hour.

If he continues raking in cash at the same rate he will have pocketed £1million by early in the new year.

(Image: Getty Images)

The payments come on top of the £75,000-a-year plus expenses which Mr Osborne already earns as a backbench Tory MP.

House of Commons records published last month showed he had been paid £320,000 in his first month after signing up with the Washington Speakers' Bureau in the USA.

Today's updated figures reveal he has since been paid £85,396 by Citi Bank for two speeches on November 17; £68,125 for a single speech to US investment firm Centerbridge Partners on November 10; and £34,109 for a speech to New York-based Black Rock Financial on November 15.

(Image: Trinity Mirror)

In an interview at the weekend Mr Osborne tried to defend the extraordinary earnings by suggesting his predecessors have also cashed in after leaving office.

However Labour's former Chancellor Gordon Brown set up a personal charity committed to fighting global poverty, and pours all his outside earnings into that.

Speaking to the Guardian on Saturday, Mr Osborne said: "As a member of parliament I disclose all my earnings. These are relatively new rules. I think it’s quite right that people can see what I do and what I am paid and so on.

"It’s not different from what previous chancellors have done, Labour and Conservative. The difference is that it’s disclosed. And I think that’s a positive step forward.”