George Osborne
Media playback is unsupported on your device
Video

Osborne: EU referendum 'crucial decision of our lifetime'

The UK's EU referendum represents a "once in a lifetime decision", Chancellor George Osborne has said.

He told Newsnight it was "unrealistic" to assume the poll - likely to be held later this year - would be repeated.

Mr Osborne, who described himself as a Eurosceptic, said he was "optimistic" about reaching a deal on EU reforms.

  • 14 Jan 2016
Go to next video: Grayling: EU membership 'disastrous'