After years of speculation & complaint, the Treasury has put a figure on the loss represents by the UK's failure to establish the sort of oil-revenue fed sovereign wealth fund the Norwegians have built. The estimate is that that fund would likely be worth around a £1 trillion, but instead the funds from peak earning in the North Sea were deployed by Margaret Thatcher to fund tax cuts.... One more reason to see Margaret Thatcher as a wrecker of the UK! #Oil #politics https://www.bbc.co.uk/news/articles/cm4g1zrl2nrqo