Fracking

HM Treasury written question – answered on 20th February 2018.

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Photo of Jim Cunningham Jim Cunningham Labour, Coventry South

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the potential future value of shale gas reserves to the public purse; and if he will make a statement.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

The independent Office for Budget Responsibility (OBR) produces forecasts for UK oil & gas tax receipts. Its latest Economic and Fiscal Outlook was published on 22 November 2017:

http://obr.uk/efo/economic-fiscal-outlook-november-2017/

The OBR also produces regular reports on wider trends in the economy that may affect tax revenues in the longer term.

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