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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.
Mr. Maples
Total tax revenues from North sea oil production in the financial years from 1973–74 to 1978–79 amounted to £944 million and from 1979–80 to 1990–91 are forecast at £70,200 million.