The UK’s (btw, is it a UK tax? Will it apply in Scotland, Wales and Northern Ireland?) sugar tax may have a shorter life than expected…
A HM Treasury spokesperson said: “He introduced a new levy on the soft drinks industry to pay for a doubling of dedicated sport funding for every primary school in the country, a huge expansion of breakfast clubs to ensure that every child gets the best start to the day, and new funding for a longer school day.
“The chancellor also made clear that this was a policy aimed at driving meaningful change. The new levy will not be introduced until 2018, giving companies plenty of time to change product mix and reduce sugar content.”
How will it pay for all those things, and the list of things seems to be getting longer, if the manufacturers reformulate their products to avoid the tax?