The financial support package set out by the Government today will come as a relief to millions of households and businesses. Part of this plan will also involve expanding our energy supply, including fracking and North Sea oil and gas.
The former is more of a distraction, given the level of local opposition to such licences, while our offshore gas reserves are simply “too small to impact meaningfully the prices faced by UK consumers”, as pointed out by Lord Deben, chair of Climate Change Committee, and Sir John Armitt, chair of the National Infrastructure Commission, in a joint letter to the Prime Minister yesterday.
