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Wednesday, May 22, 2024

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

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