Sugar, honey, honey — the weighty problem of obesity and substitution

Source: Cobden Centre
by Colin Lloyd

“In last week’s Spring Budget, UK Chancellor, Philip Hammond, introduced a Sugar Tax on fizzy drinks. He confirmed that the tax would be levied in two bands: one of 18p/L for drinks with 5 grams of sugar per 100ml; and a higher band of 24p/L for those containing more than 8g per 100ml. He went on to say that it would be unlikely to raise the initially expected level of revenue because the manufacturers were reducing the level of sugar in these products already in order to avoid the tax. While this may sound like a success story in the fight against obesity it will fail due to substitution.” (03/15/17)