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Finance Bill

I will, in a second. SNP Members are considering the issue of oil revenue as though it were in a silo. About four hours ago, the Prime Minister made the point in the House that in any economy there will be revenue streams that go up and are higher than the Treasury anticipates, and revenue streams that fall, or go up by less than the Treasury had anticipated. The Treasury has to consider the public finances as a whole. If a Government ring-fence every area where revenue has risen by more than was anticipated, and say, ““We must artificially reduce that,”” but do not seek to ring-fence any areas where the revenue is less than expected, they will end up with an overall revenue shortfall.