LONDON — The British government has revealed plans to levy a sugar tax on soft drinks, which they claim will raise £520 million ($ 732 million) for primary school sports.
The tax will be imposed on soft drinks manufacturers, rather than on consumers
“Some [companies] may choose to pass the price onto consumers and that will be their decision,” said Chancellor George Osborne, while delivering the budget to the House of Commons on Wednesday afternoon.
Osborne said that pure fruit juices and milk-based drinks will be excluded from the tax, while drinks will be assessed in two bands, one for total sugar content over 5g per 100 millilitres, and a second, higher band for drinks with more than 8g per 100 millilitres. Read more…