Fracking likely to wipe up to seven percent off house prices, secret Government report finds

‘Fracking is likely to wipe up to seven per cent off house prices and deter tourists, according to an internal Government report that ministers battled to keep secret.

Houses within five miles of shale gas sites could face higher insurance premiums due to the risk of explosions and residents’ health could suffer due to noise and pollution, according to the Department of Environment, Food and Rural Affairs (Defra) report.

Fracking risks industrialising previously pristine rural areas and will cause increased traffic and congestion, while locals may miss out on most of the skilled jobs the industry creates, the study into “shale gas rural economy impacts” concluded.’

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