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.

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