§ Mr. CanavanTo ask the Chancellor of the Exchequer what has been the total income to the Treasury since May 1979 from(a) North sea oil revenues and (b) privatisation of publicly owned assets.
§ Mr. Norman LamontThe figures requested are given in the table below:
£ billion North Sea Oil Revenues Privatisation proceeds 1979–80 2.3 0.4 1980–81 3.7 0.4 1981–82 6.5 0.5 1982–83 7.8 0.5 1983–84 8.8 1.1 1984–85 12.0 2.2 1985–86 11.3 2.7 1986–87 4.8 4.4 1987–88 4.7 5.1 1988–89 3.2 7.0