George Osborne introduces new sugar tax on soft drinks

[barryqwalsh]

British Budget 2016
Britain will become one of the first countries in the world to introduce a sugar tax on soft drinks, George Osborne announced today, as he unveiled a wide array of new levies on big business to fund tax cuts for the middle class and small firms, write Peter Dominiczak and Steven Swinford.

The Chancellor said that he could not stand by while children became obese and revealed a new levy on soft drink firms that would be used to fund sport in primary schools.

Key highlights of today's Budget:

• New sugar tax on soft drinks to protect children's health
• Corporation tax cut to 17% to help small businesses
• New crackdown on tax avoidance by big firms
• Major boost for oil and gas industries in Scotland
• "Devolution revolution" as local authorities keep more money
• Road upgrades to boost the Northern Powerhouse
• 0.5% increase in insurance premium taxes
• Every school in England to become an academy by 2020
• Longer school days: an end to the "Victorian" 3:30pm bell
• Freeze to duties on fuel, beer and cider but rises of tobacco
• New "lifetime ISA" to encourage under 40s to save for retirement
• Capital gains tax cut from 28% to 20%
• Increase in tax-free personal allowance to £11,500
• Raise to threshold for paying 40p tax to £45,000

Budget 2016: George Osborne introduces new sugar tax on soft drinks

 

[Moonglow]

And how much is 40p these dayz?

 

[Lucy Hamilton]

British Budget 2016
Britain will become one of the first countries in the world to introduce a sugar tax on soft drinks, George Osborne announced today, as he unveiled a wide array of new levies on big business to fund tax cuts for the middle class and small firms, write Peter Dominiczak and Steven Swinford.

The Chancellor said that he could not stand by while children became obese and revealed a new levy on soft drink firms that would be used to fund sport in primary schools.


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Key highlights of today's Budget:

• New sugar tax on soft drinks to protect children's health
• Corporation tax cut to 17% to help small businesses
• New crackdown on tax avoidance by big firms
• Major boost for oil and gas industries in Scotland
• "Devolution revolution" as local authorities keep more money
• Road upgrades to boost the Northern Powerhouse
• 0.5% increase in insurance premium taxes
• Every school in England to become an academy by 2020
• Longer school days: an end to the "Victorian" 3:30pm bell
• Freeze to duties on fuel, beer and cider but rises of tobacco
• New "lifetime ISA" to encourage under 40s to save for retirement
• Capital gains tax cut from 28% to 20%
• Increase in tax-free personal allowance to £11,500
• Raise to threshold for paying 40p tax to £45,000

Budget 2016: George Osborne introduces new sugar tax on soft drinks

A completely pointless sugar tax on soft drinks, it seems annoying TV Chefs ie. Jamie Oliver, are now dictating policy to an increasingly spiteful UK Government.

 

[HenryBHough]

And how much is 40p these dayz?

$0.59 at the current rate.
Not including any conversion charges.

 

[barryqwalsh]

Imagine if Congress introduced a Sugar Tax, it would raise billions!

 

[Agit8r]

They should tax it like cigarettes here, if you ask me.

 

[barryqwalsh]

If the US taxed alcohol, tobacco and gas at the same level as the UK, a future President Sanders would have the revenue to transform America.

 

[barryqwalsh]

Former New York City Mayor Michael Bloomberg, who tried and failed to impose a similar tax during his leadership, said the new policy "puts the UK at the forefront of the global fight to reduce obesity and diabetes."



Britain is fighting childhood obesity with a new soda tax. But will it work?

 

[SuperDemocrat]

This is one of those things the left claim will never happen then it does. It is either these people are really naive or just plain lying about their true agenda.