Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad