Written Question·Treasury·UIN 2875
Offshore Industry: Licensing
Tabled: 30 August 2024
Answered: 9 September 2024
Question
Mark Garnier
Conservative — Wyre Forest
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.
Answer
James MurrayThe 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.