The loons at UKUncut

Just last month, George Osborne unveiled the most generous tax breaks in the world for fracking. The Treasury has set a 30% tax rate for onshore shale gas production

A tax rate higher than the standard corporation tax rate is now a tax break.

14 thoughts on “The loons at UKUncut”

  1. I notice they don’t allow comments on that ‘article’.

    Democracy and transparency not their fortes, are they?

  2. tbf, iiuc oil extraction (which includes gas) is subject to a 30% rate. There is also a supplementary charge of 32%, which has been waived for shale. UK Uncut alludes to this in that blog post but it isn’t particularly clear. So compared to oil and gas there is a tax break. Compared to non-oil there isn’t.

  3. UKUncut were formed to make the case that we should be collecting more tax from corporations instead of cutting public services.

    Note that they are not, here, demanding higher taxes on shale gas. They are demanding no shale gas.. And, therefore, no taxes.

    How, pray tell, does that sit with the objectives of UKUncut?

  4. I don’t think UKUncut know anything about numbers.

    How about this statement “The government’s Dash for Gas could see up to 40 new Gas power stations and 64% of England covered with Fracking rigs”

    64% of England covered with rigs. That’s more land covered than is currently covered by concrete, buildings, roads, etc all combined.

  5. Surreptitious Evil

    It surprises me that as much 64% of England has appropriate shale formations at a suitable depth for fracking.

    On the other hand, “covered with” could simply mean “can be seen from, assuming a suitable elevation, a large telescope and the removal of any inconvenient obstacles”.

    Fract Sheet 1“, by Josh, is appropriate here.

  6. SE>

    From my recollection, you have it wrong. 64% sounds about right for the proportion of the UK with some form of shale at some depth underneath. ‘Covered with fracking rigs’ actually means ‘potentially subject to drilling and fracking, if planning permission is granted’, I suspect.

  7. It might not be common knowledge that once you drill and complete a well, you take the rig down and replace it with a wellhead. You don’t leave the rig standing on a producing well.

  8. @ Tim Newman
    Last time I went to look at a mine on the edge of a National Park we couldn’t actually see anything from the road except that there was a clearing in the small wood.
    @ Dave
    No, 64% of England possibly – you don’t get hydrocarbon deposits from prehistoric vegetation in igneous rocks. My wife persuaded me to buy a hat last week so that I can eat if they find shale oil/gas in granite or basalt.

  9. @ Dave
    Many thanks. My wife tries to tell me that I can’t get people to change their minds on the internet. You prove that there are some who care more about truth than denying an error/typo.

  10. That would be a hoot. The North Sea oil runs out, Scotland votes for independence and England booms as shale gas comes on stream.

  11. Surreptitious Evil said: “On the other hand, “covered with” could simply mean “can be seen from, assuming a suitable elevation, a large telescope and the removal of any inconvenient obstacles”.”

    I wonder what the figure for windmills would be.

  12. Do business rates kick in at some point? Once the drills are in and the gas in flowing, surely the value of the land rockets, increasing the rates that are due?

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