§ Mr. Wakehamasked the Chancellor of the Exchequer what is his latest estimate of the effect of North Sea oil on the balance of payments for 1976–77 and the subsequent four years.
§ Mr. Robert SheldonThe latest estimates, which attempted to measure the potential effects of the North Sea oil programme on the balance of payments in calendar years over the period to 1980 and beyond, were published in the Treasury's Economic Progress Report for July 1976, a copy of which is in the Library.