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Friday, March 24, 2023

Sugar tax could mean rise in general taxation, pressure group claims

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The Government is expected to unveil plans for taxes on sugary drinks, amid warnings from critics that the levy could end up resulting in higher general taxation or a rise in borrowing. The Treasury is expected to announce plans for taxes on sugary drinks which are forecast to raise £520m a year – following promises that funds raised will be spent on sport in primary schools. But critics said the estimates are not reliable – and suggested the public could end up having to find extra money to ensure school sports are not left cash-strapped.

To access the complete article, please use this link: telegraph