The Telegraph: Autumn Statement 2015 - Dig at Scottish Nationalists as Oil Revenue Estimates for Next Year Plunge by 94pc
Once one of the Treasury’s main tax receipts from the business world, North Sea oil revenues are forecast to fall by 94pc this fiscal year as the beleagured industry continues to decline.
Data from the Office for Budget Responsibility (OBR) estimates that UK oil and gas revenues will be down 94pc in the 2015-16 year at £130m, from £2.2bn in 2014-15.
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