§ Mr. HardyTo ask the Chancellor of the Exchequer what was the yield received by Her Majesty's Government from oil and from gas production in the United Kingdom in each year since 1979 both in terms of actual amounts and by current valuation.
§ Mr. MaudeAnnual revenues to the Exchequer from the North sea, at current prices and at 1991–92 prices, have been as follows:
£ million Current prices 1991–92 prices1 1979–80 2,313 5,349 1980–81 3,743 7,305 1981–82 6,492 11,564 1982–83 7,822 13,007 1983–84 8,798 13,973 1984–85 12,035 18,197 1985–86 11,348 16,276 1986–87 4,783 6,630 1987–88 4,618 6,076 1988–89 3,168 3,880 1989–90 2,368 2,729 1990–91 2,498 2,673 21991–92 1,200 1,200 1 By reference to movements in the GDP market prices implied deflator. 2 Forecast.