UK Needs to Enact Soda Tax
March 13, 2015 Taxation in UK
LONDON – Consumers in the UK could be much healthier, and the government could see a significant boost in revenues if a new tax is placed on the sale of soft drinks.
The UK based Children’s Food Campaign has issued a new statement showing that the National Health Service could save at least GBP 300 million per year if the government imposes a tax on the sale of sugary soft drinks.
According to the experts of the Children’s Food Campaign, enacting a tax of GBP 0.20 per litre on the sale of sugar sweetened beverages would have a significant positive effect on the health of consumers, reducing the number of cases of diabetes, bowel cancer and coronary heart disease in the country by 50 000, 9 000 and 33 000 over the next 20 years, respectively.
The reduction in the number of serious health problems will result in significant savings to the national health system, and will also provide additional revenues to fund new healthcare programs.
In the report it was noted that sugar sweetened drinks are the biggest source of sugar for teenagers and for children aged between 4 and 10, and any new levy on the sale of such drinks would have a significant effect on their consumption.
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