Budget 2013: Tax break for shale gas exploration

CHANCELLOR George Osborne threw his weight behind the controversial shale gas industry today promising a "generous" new tax regime.

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The move, first touted in the Autumn Statement, will mean a "shale gas field allowance" which the Chancellor said would help promote early investment in the sector.

Shale gas is extracted by pumping large quantities of water into the ground at high pressure to displace gas... For the full story register now for free or login below...