Ian Murray

Ian Murray

Labour — Edinburgh South

Speaking in the House of Commons on 4 June 2025

Debate

North Sea Oil and Gas Licences: Economic Growth

Contribution

This is the first opportunity I have had to apologise to the House for using an inaccurate figure on previous occasions. I had told the House that the Scottish Government had received a record settlement of £47.7 billion this year, but Treasury figures show that the block grant for this year is actually £50 billion. That is the highest ever settlement in the history of devolution, with bells on. That £50 billion is more money for schools, hospitals, policing and housing; it is an end to austerity. That is the Barnett formula in action—the formula that both the SNP and Reform have announced this week that they want to scrap. Oil and gas will remain a crucial component of our energy mix for decades to come. Our workforce is the most talented in the world, and we are committed to ensuring its future. We have consulted on support for the energy transition in the North sea, including on these issues, and the Secretary of State for Energy Security and Net Zero will respond to that consultation shortly. Economic growth in the UK in the first quarter of the year beat all forecasts, reaching 0.7%—the highest in the G7. Growth in Scotland is more sluggish than in the rest of the UK; if Scotland’s economy had grown at even the low rate at which it grew under the Tories, it would be £10 billion larger. That makes it even more astonishing that the Opposition parties oppose the EU, US and India trade deals.

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