Proceeding contribution from Michael Connarty (Labour) in the House of Commons on Tuesday, 1 May 2007. It occurred during Adjournment debate on Scotland and the Union.
Scotland and the Union
On revenue from North sea oil, it is interesting to note that the SNP liked what the Financial Times said about the current price of oil and gas—that Scotland would have a surplus this year if it got 95 per cent. of the revenue. But in future years, when gas is a bigger part of the North sea flow and prices come down, there will be a clear deficit in the Scottish budget if Scotland relied upon even 95 per cent. of the revenue from oil and gas. Is it not a false economy to make such plans when it is quite clear that prices will come down, the flow will slow and the revenue will not be there?
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c404WH
- Session
- 2006-07
- Chamber / Committee
- Westminster Hall
- Subjects
- Devolution Elections Scotland Scottish National Party
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 12:54:18 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_393770
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