§ Mr. ChurchillTo ask the Secretary of State for Energy what has been the cumulative total of benefit to the Exchequer from North sea oil and gas since May 1979 to date in respect of(a) licence fees and other revenues, and (b) taxation.
§ Mr. Peter MorrisonThe cumulative total of licence fees attributable to United Kingdom oil and gas production over the fiscal years 1979–80 to 1988–89 is £545 million. Receipts from the gas levy over the same period were £3.8 billion. Total royalty revenues over the period are estimated at £;13.6 billion, and total tax revenues at £51.6 billion. Further details are contained in the Report of the Secretary of State for Energy to Parliament of April 1989 (the "Brown Book").