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Mrs. Renée
Short asked the Chancellor of the Exchequer if he will list the total contribution of yields from North sea oil to the United Kingdom's gross domestic product in each financial year since 1979–80.
Mr. Peter Rees
[pursuant to his reply, 17 July 1985, c. 150]: The information is set out in the table.
Contribution of North sea oil and gas to GDP | |
£ billion 1980 | |
1979–80 | 8·9 |
1980–81 | 9·1 |
1981–82 | 9·9 |
1982–83 | 11·5 |
1983–84 | 12·5 |
1984–85 | 13·1 |