Business minister: Fracking to help 'salvage economy'

Fracking could "salvage" the UK economy from "crippling stagnation" and create thousands of jobs, business minister Michael Fallon said. Writing in the Sun on Sunday, he said:

In the Seventies, North Sea oil helped salvage our economy from crippling stagnation.

We have a similar chance to create tens of thousands of jobs and energy security.

A mile and more beneath us lies deposits of gas-bearing shale rock with the potential to guarantee energy supplies in an increasingly uncertain and competitive world.

If our boldness is matched by others in Europe, it could also drive down the cost of power for hard-working families and businesses.

– Business minister Michael Fallon

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PM favours 'cash for homes' near shale drilling sites

David Cameron said he favours cash payments to householders in compensation for the inconvenience caused by shale gas drilling near their properties.