Oil and Gas Revenues

HC Deb 11 December 1980 vol 995 cc487-8W

Mr. Ernie Ross

asked the Chancellor of the Exchequer what was the total income from oil and gas revenues from April 1979 to April 1980.

Mr. Peter Rees

[pursuant to his reply, 8 December 1980]: Total revenues from royalties, petroleum revenue tax and corporation tax from North Sea oil and gas were:

	million
1976–77	£81
1977–78	£238
1978–79	£522
1979–80	£2,229