North Sea Oil Revenue

HC Deb 25 October 1994 vol 248 c513W

Mr. Grocott

To ask the Chancellor of the Exchequer what was the total income to the Exchequer from North sea oil revenue(a) between 1974 and 1979 and (b) since 1979.

Sir George Young

Government revenues raised from North sea oil and gas production between 1974–75 and 1978–79 were £930 million. Since 1979–80 they have been £75,000 million.