Pennies from 11 was created by Tatton Brewery in Cheshire to thank Osborne for removing the beer duty mechanism in the March 2013 Budget.
Osborne said of the 5.2% ABV ale: “Tatton Brewery brews some delicious beer and Pennies from 11 is no exception.”
Meanwhile, Sajid Javid, economic secretary to the treasury and MP for Bromsgrove, has had a 3.6% ABV brew made for him by the Worcestershire town’s Bird’s Brewery.
The straw-coloured pale bitter was the brainchild of brewery owner Chris Bird and his brewery staff, and Javid said he was “pleasantly surprised” when he heard it had been named in his honour.
He added: “I was delighted to not only abolish Labour's unpopular beer duty escalator but also cut beer duty for the first time in over 50 years.
“Pubs and breweries are at the centre of local communities and social activities throughout the UK, so I was glad to be able to give them a boost. I was very pleasantly surprised to find out that Chris Bird brewed a special edition craft beer to celebrate the cut in beer duty. It’s a great bitter.”
Both beers will be served in the Strangers' Bar at the House of Commons, as well as being distributed locally.