Gem of the day

In another episode brought to you by the media asleep at the wheel, The Telegraph documents an 'astonishing' turnaround time from government energy announcement to corporate reciprocation:

"The Treasury announced that new gas fields found at depths of less than 90 feet will be exempt from a 32 percent tax on the first £500 million of income. The pledge appeared to pay off almost immediately with British Gas owner Centrica saying that it had helped to unlock new investments worth over £1 billion."

Fantastic and unpredictable news!

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