North Sea Oil

HC Deb 28 January 1986 vol 90 cc442-3W

Mr. Blair

asked the Chancellor of the Exchequer if he will publish in the Official Report the actual and forecast proceeds of North sea oil and gas revenues for the years 1973–74 to 1988–89.

Mr. Moore

I refer the hon. Member to table 1.3 of "Inland Revenue Statistics 1985" for the figures for Government revenues from United Kingdom oil and gas production from 1973–74 to 1984–85. The 1985 autumn statement contained a forecast of £11.5 billion for revenues in 1985–86. A forecast for subsequent years will be provided in the 1986–87 Financial Statement and Budget Report.