HC Deb 13 February 1985 vol 73 c200W
Mr. D. E. Thomas

asked the Chancellor of the Exchequer what estimates his Department has made of the consequences for the pound sterling and for national revenue of a $5 per barrel decrease in the price of oil.

Mr. Moore

No estimates of the effects of a $5 fall in the price of oil have been made. But the Department does of course keep under review the prospects for tax revenues in the light of current and prospective economic developments, including those in the oil market.