London the United Kingdom, Britain levy a tax on excessive sugar levels in soft drinks. Starting in two years’ time to cut down on spiraling childhood obesity levels, finance minister George Osborne said Wednesday. According to official data from last year displayed 61.9 percent of British adults and 28 percent of children aged between two and 15 are overweight or obese due to sugar contained soft drink.
Everybody we all know one of the biggest contributors to childhood obesity is sugary drinks companies.
Osborne said i am not prepared to look back at my time here in this parliament period of time doing this job and say to my children’s and this generation that I am sorry. Everybody knew there was a problem with sugary drinks and we knew it caused disease but we bent to the difficult decisions.
Osborne said i can announce that we will introduce a new sugar impose on the soft drinks industry, he added that the tax would be on drinks with more than five gm’s of sugar per 100 milliliters. UK has some of the worst obesity rates in the Europe continent.
We all did it celebrity chef Jamie Oliver he is has long campaigned for a sugar tax, said on Instagram today. Here a profound move that will ripple around the world now he wrote on it.
University Professor Isabelle Szmigin from the University of Birmingham said It is really important that the government is taking seriously the sugar issue and its links to obesity problem.
Segments in soft drinks producers plunged after the announcement. A.G. Barr, producer of the popular Scottish drink Irn Bru dropped 5.4 percent, while squash maker Britvic fell 2.9 percent, health experts welcomed the new tax which is imposed.
Made challenge now will be whether the large soft drinks manufacturers will reform the contents of their products, rather than simply raising prices of it.
And Osborne said the tax would have two bands drinks with more than five and eight gm’s per 100 millilitres and was estimated to raise £ 520 mn a year.
Osborne said the delay in implementation would give companies plenty of time to change their product mix of sugar. Money raised would be used to fund sports activities in schools, Osborne added.
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