§ Mr. Allen McKayasked the Chancellor of the Exchequer what has been the contribution from offshore oil and gas activities to the Exchequer in each year since 1970–71 to date; and what is his forecast of the contributions for each year from 1980–81 to1990–91.
§ Mr. Peter Rees[pursuant to his reply, 14 January 1980, c. 643]: Following are the figures up to 1978–79:
£milion 1970–71 3 1971–72 10 1972–73 15 1973–74 15 1974–75 20 1975–76 25 1976–77 81 1977–78 238 1978–79 521 For 1979–80, I refer the hon. Member to the reply given to the hon. Member for Norwich, South (Mr. Garrett) on 4 December 1979—[Vol. 975, c. 187.]
It is not the practice to publish estimates of tax receipts in the coming year in anticipation of the Financial Statement and Budget Report nor, in view of the 198W uncertainties involved, to give estimates for individual future years.