HC Deb 31 July 1981 vol 9 c576W
Mr. Henderson

asked the Secretary of State for Energy whether he is now able to revise the forecast given in the latest public expenditure White Paper, Cmnd. 8175, for the British National Oil Corporation's 1981–82 external financing requirement to take account of the changes in the North Sea tax regime announced in the Budget.

Mr. David Howell

After an adjustment for the expected effect of the changes on BNOC's revenues during 1981–82, the corporation's forecast of its external financing requirement has been revised from £360 million (Cmnd. 8175) to £220 million.