The Treasury said the new tax regime for fracking firms will reduce the tax on income from shale gas production from 62% to 30%.
The Government has also outlined measures to ensure local communities benefit from the development of shale, with £100,000 paid for each well where fracking takes place and 1% of revenues if the drilling proves to be commercially viable.
New planning guidance on shale gas is set to be published by the Communities Department as the Government attempts to drive forward exploration.
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More than a thousand people have protested against fracking in Lancashire after minor earthquakes happened at the Preston New Road site.
Hundreds of people have gathered in central Belfast to show their opposition to Brexit.
Emergency services were called to reports of a collision on the northern end of White Horse Vale at 2.20pm on Saturday.