George Osborne quizzed over new EU payment

George Osborne's visit to Derby was overshadowed by questions about the EU bill, which arose due to revisions in the EU budget contributions based on national income. The revisions showed that the UK had underpaid, leading to a demand for an additional £1.7 billion. This situation highlights the complexities of the UK's relationship with the EU and its impact on local businesses. The video also discusses the importance of high-tech industries and business parks in driving economic growth, noting the irony that faster growth leads to higher EU payments.

What was George Osborne originally supposed to discuss during his visit to Derby?

• High-tech businesses

• The EU bill

• Car manufacturing

• Economic growth

Why did Britain have to pay an additional £1.7 billion to the EU?

• Due to a new trade agreement

• To support struggling EU economies

• As a penalty for late payments

• Because of a miscalculation in previous payments

Which countries were mentioned as having overpaid and will receive money back from the EU?

• Netherlands and Belgium

• Portugal and Ireland

• France and Germany

• Italy and Spain

What concern does Graham Mulholland have regarding Britain's relationship with Europe?

• Higher production costs

• Undermining of expansion plans

• Loss of skilled labor

• Increased taxes on exports

What is the irony mentioned in relation to Britain's economic growth?

• It leads to more EU payments

• It reduces local business profits

• It causes a decline in manufacturing

• It results in higher unemployment