HC Deb 11 July 1967 vol 750 c48W
64. Mr. Arthur Lewis

asked the Chancellor of the Exchequer by how much the United Kingdom balance of payments will be adversely affected by the current estimated £2 per ton extra for the costs involved in importing oil as a result of the Middle East difficulties, calculated on the basis of the actual oil imports for the year ended December, 1966 and the anticipated oil imports for the year ending December, 1967.

Mr. Diamond

It is not yet possible to estimate how long it will be before oil supplies return to normal; nor what changes in the pattern of supply may occur in the meantime.

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