§ Mr. Skeetasked the Chancellor of the Exchequer what is the current yield of tax on fuel oil; and what he estimates to be the advantage of the tax in market terms to the coal industry expressed in £ per ton of coal.
§ Mr. EadieI have been asked to reply.
In 1977–78 total revenue obtained from tax on fuel oil was £151.5 million. This is equivalent to a margin of approximately £325 per tonne of steam coal equivalent.