Shale gas business rate sweetener not up to hype

David Cameron has announced councils will retain business rates from shale gas projects, but the money involved appears small

A 'typical' 12-well shale gas site could earn councils £1.7m, but how much they would receive for a single exploratory well is not clear (photograph: Cuadrilla)Councils can keep 100% of business rates from future shale gas projects, up from 50% today, prime minister David Cameron announced on 13 January.

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