§ Mr. Grocott
To ask the Chancellor of the Exchequer what was the total income to the Exchequer from North sea oil revenue(a) between 1974 and 1979 and (b) since 1979.
§ Sir George Young
Government revenues raised from North sea oil and gas production between 1974–75 and 1978–79 were £930 million. Since 1979–80 they have been £75,000 million.