The Evening Standard is a local free daily newspaper, published Monday to Friday in tabloid format in London. Since 2009 it has been owned by Russian businessman Alexander Lebedev. It is the dominant local/regional evening paper for London and the surrounding area, with coverage of national and international news and City of London finance. Its current editor is former UK Conservative Member of Parliament and Chancellor of the Exchequer, George Osborne. In October 2009, the paper ended a 180-year history of paid circulation and became a free newspaper, doubling its circulation as part of a change in its business plan.