Fracking tax break

Posted: July 19, 2013 in Environment, Law & Disorder

Told you this would happen.

Downing St Westminster London SW1 11/07/13George Osborne is set to unveil the most generous tax breaks in the world to kickstart the ‘fracking’ of massive reserves of underground gas which evidence shows will pollute drinking water and cause earthquakes.
Scientists say the UK is sitting on shale deposits filled with enough gas to supply the whole country for at least 40 years although according to the Guardian 20 years. Does this mean gas prices will go down, I don’t think so.
Mr Osborne is today expected to tell Parliament he is creating a shale gas allowance, based on successful oil production tax breaks. This is where taxpayers subsidise oil producers so they can make shed loads of money then we pay ever increasing prices at the petrol pumps. The Toff/Tories will slash the tax on shale production income from 62% to just 30%. All that tax money lost when we are supposed to be in austerity mode.

“Police on the beat are disappearing from swathes of the country and being replaced by community support officers and unpaid special constables, an official report has found.”

Mind you in Kent the police can’t have a lot to do as they sent nearly forty ‘Old Bill’ to Northern Ireland to help out last week.


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