§ Mr. Skeetasked the Secretary of State for Energy what additional revenue he estimates Her Majesty's Government would secure if the Government pursued a policy of taxing industry which failed 169W to convert from oil to coal; and if he will make a statement.
§ Mr. EadieMost heavy oils used as fuel are, of course, already subject to taxation, and are expected to yield £265 million in revenue in the current year. The additional revenue that might accrue from tax measures designed to encourage substantial switching by industry from oil to other fuels would depend on the form and weight of the measures contemplated.