Christopher Snowdon writes for City A.M.
“People may not always realise how many calories are in their favourite foods and drinks, and this may lead them to over-consume. To put it in economic terms, there is asymmetrical information. The seller knows something important about the product that the buyer doesn’t.
“Most packaged food in Britain is labelled with calorie information as a result of a voluntary agreement with the food industry. The government now wants to extend this to alcoholic beverages and the out-of-home food sector. In principle, there is nothing wrong with this.”
Nevertheless, Christopher argues, labelling is unlikely to be a solution to obesity, and we should beware the unintended consequences – which may outweigh the benefits. Read the article in full here.