Tax breaks and shale gas set to help boost growth

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. British reserves of the energy source are much higher than previously thought.

Shale gas rig at Banks, near Southport
Shale gas rig at Banks, near Southport Credit: Press Association

Treasury Chief Secretary Danny Alexander will also reveal details of projects such as new road and rail capacity, science facilities and nuclear power stations, in a Commons statement.

Advertisement

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