§ Mr. Rowlands
asked the Chancellor of the Exchequer how much Her Majesty's Government have so far 140W collected in oil and gas revenue from the North sea in the current financial year; and what his estimate is for the whole of 1986–87.
§ Mr. Norman Lamont
Government revenues from United Kingdom oil and gas production amounted to £1.3 billion in the first half of the 1986–87 financial year. The "Financial Statement and Budget Report 1986–87" included a forecast of £6.1 billion for the whole year. A revised forecast will be included in the 1986 autumn statement.