Tax breaks for fracking
Tax breaks and fast-tracked permits for controversial shale gas exploration are likely to form part of the multi-billion pound infrastructure package aimed at kick-starting sluggish economic growth
Treasury: UK has 1,300 trillion cubic feet of shale gas
Chief Secretary to the Treasury Danny Alexander has told MPs that the British Geological Survey has estimated there is 1,300 trillion cubic feet of shale gas reserves in the UK.
He sniped that this is "almost as much hot air as the Shadow Chancellor [Ed Balls] produces in a year".
Update: Since Danny Alexander spoke the British Geological Survey has released its report saying that the figure above relates to the Bowland Basin area in northern England and not to the whole of the UK.
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