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UK offers shale gas tax boost as economy stalls

A new shale-gas field allowance and lower corporate tax rates could get the shale-gas industry get off the ground

The UK government will offer tax breaks, a new shale-gas field allowance and lower corporate tax rates as it tries to help the nascent shale-gas industry get off the ground, chancellor George Osborne said in London. "I want to send a message to anyone who wants to invest here, to create jobs. Britain is open for business," Osborne said. "Shale gas is part of the future and we will make it happen."  Osborne's 2013 Autumn statement, which outlines the government's spending policy, included a raft of measures aimed at spurring new investment in shale gas. The government will extend the ring fence expenditure supplement, the amount by which companies can offset expenditure against losses, from s

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