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London Corporate & Securities partner Rob Hamill comments on George Osborne’s plans to increase investment in UK Shale Gas industry as announced in the Budget today.

"Today’s announcement in the Budget showing commitment to the development of the UK shale gas industry is imperative to the continued investment by large corporations in the development of UK shale gas fields. More support for the industry by the Government will give interested players the confidence to invest the large amounts of money required to develop fields and to deal with the potential environmental and other impacts of shale gas exploration in the UK. Increased investment could prove lucrative for the UK in providing more jobs and increased energy independence."