Skip to main content

Oil Revenues

Volume 201: debated on Wednesday 15 January 1992

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Chancellor of the Exchequer what has been the total amount of money received from North sea oil revenues.

Total revenues to the Exchequer from the North sea since 1969–70 have been £72 billion. At 1991–92 prices—by reference to movements in the gross domestic product market prices implied deflator—revenues have been £112 billion.