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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

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Report to reveal UK has more shale gas than expected

There is far more natural gas stored in shale rock formations in the UK than previously thought, according to a new report from the British Geological Survey due to be published today.

The report on shale gas reserves below Lancashire and Yorkshire was commissioned by the government.

Exploiting the resource is highly controversial as critics say the process of fracking - fracturing rock with high-pressure liquid to release the gas - can cause earthquakes, pollute water supplies, blight the countryside and affect house prices.

Treasury Chief Secretary Danny Alexander is expected to reveal that the Treasury is consulting on a tax break and changes to planning laws in order to boost the fledgling industry.

Read: Osborne bolsters his case for 'dash for gas'

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