Tagged: Tax breaks

Fracking benefit scroungers’ charter announced today

Fracking benefit scroungers’ charter announced today

The government today announced it’s subsidy package for fracking companies. The result will be huge tax cuts – from 62% to 30%, but even rabid pro-frackers like Peter Lilley admit that they are not needed! Lilley said in parliament as recently as yesterday that I was the only member of...

2013 Spring Budget Boost For Frackers

2013 Spring Budget Boost For Frackers

The big UK fracking story of the week was on 20th March, the budget speech by George Osborne. After exempting the pottery industry amongst others from the Climate Change Levy, and announcing more subsidies for the declining North Sea industry he said: “But I also want Britain to tap into...

Your Involuntary Investment in Shale Gas

Your Involuntary Investment in Shale Gas

One of the little discussed issues around the recent announcement that the government is going to throw tax breaks at an industry which insists it doesn’t actually want or need them (see https://www.refracktion.com/index.php/fracking-and-the-budget/) is that it turns us all into investors in this business, as it is now OUR money...