EnergyPolicy

Lancashire Council Declines to Support Permanent Fracking Ban Amid Political Debate

Lancashire County Council has refused to back a permanent ban on fracking following a motion from Labour opposition. The decision comes amid renewed political debate over the controversial extraction method that was effectively banned in 2019 after causing earthquakes in the region.

Council Rejects Fracking Ban Motion

The Lancashire County Council, currently led by the Reform UK party, has declined to support a motion calling for a permanent ban on fracking, according to reports from a recent council meeting. The decision comes after Labour group leader Mark Clifford put forward the proposal requesting the council formally ask the government to maintain the existing prohibition on the controversial extraction method.

Economy and TradingPolicy

UK Chancellor Reeves Signals Potential Tax Rises and Spending Cuts in Autumn Budget

UK Chancellor Rachel Reeves has indicated that tax rises and spending cuts are being considered for the Autumn Budget. The Labour government faces difficult choices to address a potential £50 billion fiscal shortfall while maintaining fiscal discipline.

In a significant departure from campaign promises, UK Chancellor Rachel Reeves has openly acknowledged that tax increases and spending reductions are under active consideration for the forthcoming Autumn Budget. The finance minister’s comments signal the government’s willingness to potentially break key election pledges as it confronts substantial economic challenges and a projected fiscal shortfall.

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