BPF hails shale tax break as UK boost
By Anthony Clark
Posted 16 October 2012
The British Plastics Federation’s (BPF) director general Peter Davis and Chancellor of the Exchequer George Osborne exchanged views on shale gas at the Conservative Party Conference.
During his conference speech the Chancellor announced a favourable tax regime was to be put in place to encourage exploration and development of shale gas and Davis pointed out that not only would this be a massive boost to the UK’s energy supply but it would also furnish potential feedstocks for the manufacturers of plastics raw materials.
It is the BPF's view that low-cost energy would give UK manufacturing a very significant competitive edge just as shale gas availability is currently changing the fortunes of American manufacturers.