Boris Johnson's government had previously signalled its support for fracking as it wants to reduce imports of natural gas, which is used to heat around 80% of Britain's homes.
Why rely on gas from overseas when there's the possibility of extracting it on home turf, in the rocks that lay under our feet here in the red rose county.
Supporters of fracking claimed the process could provide a new source of cheap fuel.
Fracking had been expected to feature strongly in the campaign for the December 12 general election.
"Exploratory work to determine whether shale could be a new domestic energy source in the United Kingdom ... has now been paused - unless and until further evidence is provided that it can be carried out safely here", the Business and Energy Department said in a statement.
"After reviewing the OGA's report into recent seismic activity ... it is clear that we can not rule out future unacceptable impacts on the local community", Business Secretary Andrea Leadsom said.
Fracking operations in Lancashire have resulted in huge protests.
The government's moratorium will remain in place until compelling new evidence shows it is safe.More news: Voyager 2's First Reports from Interstellar Space Surprise Scientists
Business Minister Kwasi Kwarteng said: "Today's decision will not in any way impact our energy supply".
We are therefore taking decisive, evidence-based action to halt further fracking operations in the interests of safety.
The Committee on Climate Change's advice is clear that natural gas will continue to have a key role to play as we eliminate our contribution to climate change by 2050, including for the production of hydrogen.
Anti-Fracking protesters demonstrate outside Lancashire County Hall in Preston, northwest England, on June 23, 2015.
"But this belated, eve of election policy pause won't distract voters from the Tories' shocking record on the environment â€" not least the prime minister's, when he lobbied to relax air pollution laws.
"The Tories are about as eco-friendly as a dustbin fire".
The last time the British government banned fracking was in 2011, during a Conservative-Liberal Democrat coalition government.
The study said that it wasn't possible to predict the size of tremors or possibility of an quake happening if the country continues fracking-drilling into the earth to release gas produced by shale rock-procedures in Lancashire, England.
- Where has fracking been pursued and opposed in England?More news: Ian Book finishes Notre Dame rally with dramatic touchdown run
Lancashire Constabulary reported that between 25 and 100 officers were directly involved in the policing of fracking sites every day between January 2017 and June this year, at a cost of £11.8m.
Fracking operations at the Lancashire site were suspended after a magnitude 2.9 tremor was recorded on August 26, 2019.
"It is over eight years since fracking caused earthquakes near Blackpool".
But fracking has become a politically sensitive issue in recent months, with Labour leader Jeremy Corbyn saying he would not hesitate to implement a full ban if his party were elected into power. In reality, we all know it has to happen a lot sooner than that, but baby steps are better than no steps.
"And that's not the case at all".
Campaigner Maureen Mills, from Halsall Against Fracking, said: "The toll this has taken on our lives is immeasurable".
Cuadrilla's first attempt at fracking seven years ago was ended after it triggered minor earthquakes, putting their plans on hold while more stringent measures were put in place.
He added: "The moratorium represents a significant victory for communities like mine up and down the country that have been fighting fracking for so long".
Fracking is already banned in Wales and Scotland.More news: Santa Anita To Conclude Fall Meet After Death in Breeders' Cup Classic