Oil Revenues

HC Deb 15 January 1992 vol 201 c575W

Mrs. Dunwoody

To ask the Chancellor of the Exchequer what has been the total amount of money received from North sea oil revenues.

Mr. Maples

Total revenues to the Exchequer from the North sea since 1969–70 have been £72 billion. At 1991–92 prices—by reference to movements in the gross domestic product market prices implied deflator—revenues have been £112 billion.