HC Deb 28 November 1986 vol 106 c398W
Mr. Gould

asked the Chancellor of the Exchequer what revenues are attributable to North sea oil production so far in 1986; what is expected to be the annual total for 1986; and how this figure compares with that for each year from 1979 to 1985.

Mr. Norman Lamont

Government revenues from United Kingdom oil and gas production amounted to £2.7 billion in the first seven months of the 1986–87 financial year. The 1986 "Autumn Statement" contained a forecast of £4½ billion for the whole financial year. The figures for financial years are as follows:

£ million
1979–80 2,314
1980–81 3,743
1981–82 6,492
1982–83 7,822
1983–84 8,798
1984–85 12,030
1985–86 11,319