is the Prime Minister aware of my disappointment that he will be unable to visit the area where the first shipment of British North Sea oil was landed, thereby missing an appropriate opportunity to make a statement about the Government's oil policy? Will he take the opportunity today to tell the House whether he is satisfied with the progress being made towards achieving the Labour Party manifesto commitment of a majority public stake in all North Sea oil exploration?
I am sorry not to be able to visit the area. Somehow I do not think that my hon. Friend or I would get a pair if we were to ask for it at the moment.
My hon. Friend is too cynical about the intentions of Opposition Members.
The oil policy is working out broadly as we had hoped and intended. The stake that the Government are taking is now being worked out in negotiation. My right hon. Friend the Secretary of State for Energy has made a full statement on the matter. I am sure that even among the faint-hearts on the Opposition Benches it will be a cause for rejoicing that the import of our own oil from the North Sea this year is likely to save us about £1 billion on the balance of payments. That is another source of strength in which the whole nation can rejoice.
As the benefit being gained by the British or English economy this year is of the order mentioned by the right hon. Gentleman, will he indicate whether he is intent upon giving to the Scottish Assembly the oil revenues that the Assembly will need to improve the standard of living in Scotland?
The question of the revenues that the Scottish Assembly will control will no doubt be thrashed out in the course of devolution debates that we shall have. But if the United Kingdom is to remain as an integrated whole, the answer will undoubtedly be that no revenues can be hypothecated to one particular part of the United Kingdom.
UCATT was one of the few conferences that I did not attend. Perhaps that is the reason.
If the Prime Minister does not visit the Isle of Grain, will he have time to have a word with his hon. Friend the Member for Stalybridge and Hyde (Mr. Pendry), who broke his word not to vote on the day before we rose for the recess? Does the right hon. Gentleman intend to keep the hon. Gentleman as a member of his Administration when it is quite clear that he is not able to discharge an honourable obligation to the House?
I note what the hon. Gentleman said, but I am afraid that there will not be a vacancy for him after all.