§ Mr. Eggarasked the Chancellor of the Exchequer what is his latest estimate of the real increase in tax and other revenues accruing to the Government for the exploitation of North Sea resources for each of the financial years 1981–82 to 1985–86.
§ Mr. Peter ReesThe latest available forecasts of total Government revenues from North Sea oil and gas production are those in the Treasury's March 1981 economic progress report. These are:
Constant (1979–80 prices) £ billion
Forecast revenues Increase over 1980/81 1980–81 3¼ — 1981–82 4½ ¾ 1982–83 4¾ 1½ 1983–84 5¼ 2