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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The president decided he wanted a military parade in Washington after he attended France’s Bastille Day last year.
The event will take place at the New York Stadium in Rotherham on Friday.
Donald Trump, meanwhile, has waded into the row over a jailed pastor that caused a crisis for the lira.