Green groups have expressed their disappointment at George Osborne’s commitment to shale gas as part of the 2013 Budget.
Billing it as a “Budget for people who aspire to work hard and get on”, the chancellor unveiled his plan to get the UK economy back on track in the House of Commons today. Key to his plans to stimulate the economy was investment in infrastructure and, in particular, energy.
Osborne began with a warning that, “creating a low carbon economy should be done in a way that creates jobs rather than costing them”.
The chancellor continued: “I want Britain to tap into new sources of low cost energy like shale gas. So I am introducing a generous new tax regime. And by the summer, new planning guidance will be available alongside specific proposals to allow local communities to benefit. Shale gas is part of the future. And we will make it happen.”