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George Goschen, 1st Viscount Goschen
George Joachim Goschen, 1st Viscount Goschen (10 August 1831 – 7 February 1907) was a British statesman and businessman best remembered for being "forgotten" by Lord Randolph Churchill. He was initially a Liberal, then a Liberal Unionist before joining the Conservative Party by the time of the 1895 General Election.
While Chancellor of the Exchequer, in 1888 he introduced the Goschen formula to allocate funding for Scotland and Ireland.
==Background, education and business career==
He was born in London the son of William Henry Goschen, a merchant of German extraction. He was educated at Rugby under Tait, and at Oriel College, Oxford, where he took a first in classics. He entered his father's firm of Fruhling & Goschen, of Austin Friars, in 1853, and three years later became a director of the Bank of England.
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