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 does the speaker suggest should be done instead of day-to-day spending?

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