§ Mr. Staintonasked the Chancellor of the Exchequer if he will schedule and publish in the Official Report the effect on the Exchequer revenues, under appropriate heads, of each dollar change in the price of North Sea oil over the range $25 to $35 assuming a dollar-sterling exchange rate as now and both 5 per cent. and 10 per cent. higher and lower.
§ Mr. Ridley[pursuant to his reply, 4 March 1982, c. 219]: The cost of supplying the full information sought would be disproportionate. A change in the current dollar oil price of $1 a barrel in isolation or a change in the current dollar-sterling exchange rate in isolation of about 3 per cent. would increase or decrease Government revenues by about £250 million in the first years—£350 million for a full year.