Inflation (North Sea Oil Equipment) (Hansard, 24 February 1976)

HC Deb 24 February 1976 vol 906 cc183-4W 183W

§ Mr. Skeet
asked the Secretary of State for Energy what scale of inflation is now
184W

§ Dr. Owen
The information at 30th September 1975 is as follows:
being experienced with North Sea plant and equipment; and whether in his estimation the inflationary trend in the purchase of this type of equipment is rising or abating.

§ Mr. John Smith
It is not possible to give an exact figure for inflation at present, but my belief is that there has been a significant decline in the inflationary trend as compared with 1973–75. I hope to report to the House shortly on the findings of the North Sea Cost Escalation Study Group.