Question follow-through · 29659

Offshore Industry: Taxation

To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of new UK oil and gas extraction on (a) GDP and (b) tax receipts in each of the next five years.

answeredTreasury

About this written question

A written question asks a government minister for information in writing. Parliament publishes the question and any answer.

Answering body
Treasury
Tabled
6 Feb 2025
Target answer date
10 Feb 2025
Answer
13 Feb 2025 · 7 calendar days after tabling

Elapsed calendar days describe the record timeline, not whether Parliament considers an answer on time.

More questions by this MP on Economy and business

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Recorded timeline

  1. 6 Feb 2025

    Question tabled

    To ask the Chancellor of the Exchequer, what estimate her Department has made of the potential impact of new UK oil and gas extraction on (a) GDP and (b) tax receipts in each of the next five years.

  2. 10 Feb 2025

    Target answer date

    Date supplied by the official written-questions record.

  3. 13 Feb 2025

    Answer published

    It is a long-standing convention that the government does not discuss individual taxpayers, and so the government cannot discuss the amount of tax relief available to individual companies in relation to the oil and gas fields they may have a commercial in...

Open official record

Official data retrieved 28 Sept 2026.

Later records

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Strong linkSame MP, department and exact heading

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15 May 2026 · To ask the Chancellor of the Exchequer, when will a Bill be brought forward to update the remit of the National Wealth Fund.

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15 May 2026 · To ask the Chancellor of the Exchequer, when the National Wealth Fund's updated Financial Framework will be published.