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David Cameron, the Prime Minister, said that English local authorities would be allowed to receive all the business rates collected from shale gas schemes, not just the 50 per cent they’d expect. Total, a French company, said it would invest about £30 million in drilling two exploratory wells in Lincolnshire. To head off higher borrowing rates, the government announced that ‘in the event of Scottish independence from the United Kingdom, the continuing UK government would in all circumstances honour the contractual terms of the debt issued by the UK government’.
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