Skip to main content

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