§ Lord Northfieldasked Her Majesty's Government:
What estimates they make of the tax revenue from North Sea oil for the years 1981–82, 1982–83, 1983–84 and 1984–85 at present tax rates.
§ Lord CockfieldThe most recent published estimates are those in the Treasury's July 1980 Economic Progress Report. These are:
£ billion at 1978–79 Prices 1980–81 2¾ 1981–82 3¼ 1982–83 4¾ 1983–84 4¾