Economic Developments: The Significance of North Sea Oil Flashcards
1
Q
When had oil been discovered in the North Sea?
A
1975
2
Q
When did Britain start to feel the positive Economic impacts of North Sea Oil?
A
1982
3
Q
How much money was Oil pouring into Britain a year by 1982?
A
£8 billion a year
4
Q
What percentage of all tax revenues did the amount of money from North Sea Oil Equate to?
A
10% of all tax revenues
5
Q
What was significant about North Sea Oil in terms of Thathcer’s policies?
A
They helped fund many of her policies
