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NORTH SEA TAX TAKE

EDM (Early Day Motion) 780: tabled on 12 February 1998

Tabled in the 1997-98 session.

This motion has been signed by 29 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House acknowledges the crucial importance to the UK economy of the offshore oil industry in that it provides direct employment for 30,000 and engages 300,000 indirectly in the United Kingdom, adds ú16 billion per annum to the national economy, pays ú3.5 billion per annum to the Exchequer, supports over 5,000 firms across the country providing more than 20 per cent of total current UK industrial investment, promotes huge export potential in terms of equipment and technology for applications in developing oil fields around the globe and is able to continue attracting the levels of investment necessary to maintain this momentum, despite relatively high operational costs and diminishing production fields, by virtue of the stable tax regime applied by Her Majesty's Government; and therefore urges the Treasury team to take all these factors into full account before they finalise their current review of the North Sea fiscal regime.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Davis, Mr Terry
Labour
Signed on 12 February 1998
Birmingham, Hodge Hill
Etherington, Bill
Labour
Signed on 26 February 1998
Sunderland North
Fallon, Mr Michael
Conservative
Signed on 19 February 1998
Sevenoaks
Flynn, Paul
Labour
Signed on 17 February 1998
Newport West
Gibb, Mr Nick
Conservative
Signed on 19 February 1998
Bognor Regis and Littlehampton
Gray, Mr James
Conservative
Signed on 19 February 1998
North Wiltshire
Green, Damian
Conservative
Signed on 19 February 1998
Ashford
Hammond, Mr Philip
Conservative
Signed on 19 February 1998
Runnymede and Weybridge
Heathcoat-Amory, Mr David
Conservative
Signed on 19 February 1998
Wells
Hoyle, Mr Lindsay
Labour
Signed on 6 March 1998
Chorley
Jones, Mr Nigel
Liberal Democrat
Signed on 26 February 1998
Cheltenham
Kirkbride, Julie
Conservative
Signed on 19 February 1998
Bromsgrove
Kumar, Dr Ashok
Labour
Signed on 12 February 1998
Middlesbrough South and East Cleveland
Lansley, Mr Andrew
Conservative
Signed on 19 February 1998
South Cambridgeshire
Loughton, Tim
Conservative
Signed on 19 February 1998
East Worthing and Shoreham
Morgan, Mr Alasdair
Scottish National Party
Signed on 26 February 1998
Galloway and Upper Nithsdale
Prentice, Mr Gordon
Labour
Signed on 17 February 1998
Pendle
Ruffley, Mr David
Conservative
Signed on 19 February 1998
Bury St Edmunds
Sarwar, Mr Mohammad
Independent Labour
Signed on 17 February 1998
Glasgow, Govan
Simpson, Mr Keith
Conservative
Signed on 19 February 1998
Mid Norfolk
Swinney, Mr John
Scottish National Party
Signed on 26 February 1998
North Tayside
Thompson, Mr William
Ulster Unionist Party
Signed on 19 February 1998
West Tyrone
Wallace, Mr Jim
Liberal Democrat
Signed on 24 February 1998
Orkney and Shetland

There are no withdrawn signatures for this motion.