Shale gas is certainly controversial, but Brits may be more willing to accept it as the desperation for cheaper energy bills takes hold.
The Chancellor has hailed today's figures as a major milestone and there is a lot of optimism, but is it being felt by ordinary people?
The IMF has again raised its forecasts for Britain's GDP growth - just a year after warning that the Chancellor was "playing with fire".
US retailer Walgreens has confirmed it will take up its option to buy the rest of Boots the Chemist owner Alliance Boots.
Walgreens, which also trades as Duane Reade, is set to spend around £5 billion on the outstanding 55% stake in Alliance Boots.
An announcement is expected later today.
Chancellor George Osborne will today set out the government’s vision for a northern economic powerhouse.
He will be in Manchester to hear proposals for a £15 billion plan to improve the future of the northern economy in Leeds, Liverpool, Manchester, Newcastle and Sheffield over the next 15 years.
Mr Osborne is expected to say: "Today I give you this personal commitment. Work with me over the coming months and together we will make a reality of the plan I've set out for the Northern Powerhouse.
“I'm ready to commit new money, new infrastructure, new transport and new science. And real new civic power too."
House prices have risen by just 0.1 per cent in July, making it the smallest increase in 15 months, according to Nationwide.
The building society blamed the slowdown on stricter mortgage lending rules.
On a year-on-year basis, growth remained in double figures for the fourth month in a row but the pace of the annual uplift dropped from 11.8 per cent in June to 10.6 per cent in July.
The average house price across the UK now stands at £188,949, the building society reported.
Operating profits for British Gas residential energy supply fell by 26% to £265 million for the first half of the year, owner Centrica has announced.
New rules which could mean rule-breaking bankers having their bonuses taken away are a 'big positive step', said Business Secretary Vince Cable.
The regulations will make bankers operate 'more responsibly' he said.
" I don't think anyone would have a quarrel with this. We have suffered enormously from the collapse of the banking system. We need to have a system of penalties in place to make sure this doesn't happen again," Dr Cable added.
Rules allowing regulators to claw back bonuses will only come into effect in 2015, an industry regulator has announced.
The Bank of England's Prudential Regulation Authority said trying to apply the new rules retrospectively would mean many firms would be "open to challenge" from employees.
"In order to ensure a consistent and even application of the clawback requirement across industry, the final rule requires the application of clawback only to awards made on or after 1 January 2015," the PRA said.
The Bank of England today confirmed plans for a tough new regime for reckless bankers allowing bonuses to be clawed back seven years after they are awarded.
The chief executive of Barclays has welcomed plans from the Bank of England to punish misbehaving bankers by clawing back bonuses.
Antony Jenkins told Radio 4's Today programme: "The process of clawback can be extremely useful. We’ve applied it ourselves, for example, in cases where we’ve got things wrong."
Mr Jenkins said there should be "appropriate punishment" for both criminal misconduct and "recklessness" on the part of bankers.
Barclays has announced its adjusted pre-tax profits are down 7% for the first half of the year to £3,35 million.
The drop was largely down to currency movements and a fall in profitability for its investment arm, the bank said.
Households will see an average of £12 a year come off their bill under price control plans for the companies that run Britain's local electricity network.
Energy network companies will have to pay £17bn to upgrade and maintain the network under proposals put forward by industry regulator Ofgem.
Ofgem sets price controls for the companies to limit the amount they can collect from customers' bills and incentivise them to improve their services.
The regulator rejected price control plans from five of the six energy distribution companies, saying they did not represent value for money for consumers.