§ 46. Mr. Flannery
To ask the Chancellor of the Exchequer what is the total amount of money received by the Exchequer from North sea oil since May 1979.
§ Mr. Major
Total tax revenues and royalties to United Kingdom oil and gas production over the fiscal years 1979–80 to 1988–89 are estimated at £65.2 billion. Receipts from the gas levy over the same period amounted to a further £3.8 billion. Further details are contained in the report by the Secretary of State for Energy to Parliament of April 1989 (the Brown Book).