§ Q32. Mr. Kennedyasked the Prime Minister if, in view of the effect of lower oil prices on North sea developments, she has plans to introduce any alterations to the fiscal regime governing oil-related activity; and if she will make a statement.
§ The Prime MinisterI am not convinced that the effect of lower oil prices on North sea developments requires any easing of the fiscal regime governing oil-related activity. We shall, however, continue to keep the position under review.