David Cameron said a new £600 million Big Society fund would be used to help tackle the country's "deepest social problems".
The Prime Minister claimed the money would help "smash away" the "patronising assumption" that small charities cannot do big things.
The initial capital for the fund will be an estimated £400 million in unclaimed cash from bank accounts dormant for more than 15 years and £200 million from Barclays, Lloyds, HSBC and RBS.
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"His fiancee gave birth this morning, of all mornings! We were scared because we've got Glastonbury tonight", said co-singer Chloe Rhodes.
Festival-goers have been enjoying the second day of the Glastonbury festival.
Soros says that the European Union will struggle through the process of Brexit, with other countries wishing to follow suit.