Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Answer of 25 October 2023 to Question 202954 on North Sea Oil: Tax Allowances, what assessment he has made of the economic impact of the development of the Rosebank oil field on the Exchequer; and whether he has made an estimate of its financial impact on public purse.

The Office for Budget Responsibility’s (OBR) most recent forecast of tax revenues from the oil and gas sector was published at Autumn Statement 2023 in the Economic and Fiscal Outlook November 2023. The forecast does not give a breakdown by field or company to protect taxpayer confidentiality.