PARLIAMENTARY WRITTEN QUESTION
Offshore Industry: Licensing (30 August 2024)
Question Asked
To ask the Chancellor of the Exchequer, what estimate she has made of the potential impact of the ban on new oil and gas licences on taxation revenues to (a) 2030, (b) 2035, (c) 2040, (d) 2045 and (e) 2050.
Asked by:
Mark Garnier (Conservative)
Asked by:
Mark Garnier (Conservative)
Answer
The government will consult later this year on the implementation of its manifesto position not to issue new oil and gas licences to explore new fields.
Forecasts for oil and gas tax revenues are published by the Office for Budget Responsibility.
Answered by:
James Murray (Labour)
9 September 2024
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