George Osborne interview on Britain's EU surcharge

The video discusses the UK's successful negotiation to reduce a financial bill from £1.7 billion to £850 million, highlighting it as a significant achievement for the government. It also proposes creating a sovereign wealth fund for Northern England using shale gas revenues, emphasizing long-term investment in jobs and infrastructure rather than short-term spending.

What was the original amount Britain was expected to pay to the EU before the reduction?

• £1 billion

• £850 million

• £1.7 billion

• £2 billion

How does the government view the reduction in the EU bill?

• As an inevitable outcome

• As a minor adjustment

• As a significant win for Britain

• As a temporary solution

What is the proposed use of the shale gas revenue in the north of England?

• To increase public sector wages

• To reduce taxes

• To create a sovereign wealth fund

• To fund day-to-day government expenses

What is the main goal of the proposed sovereign wealth fund?

• To support short-term spending

• To invest in long-term jobs and infrastructure

• To provide immediate tax relief

• To fund public services

What is the government's stance on the controversy surrounding shale gas?

• It should be avoided due to environmental concerns

• It should be used for immediate financial gain

• It should be utilized for future generations' benefit

• It should be exported to other countries