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Lifestyle Economics
In the Media
Monetary Policy
Responding to the Government’s consultation on the soft drinks industry levy, Dr Christopher Snowdon, Head of Lifestyle Economics at the Institute of Economic Affairs, said:
“The sugar tax has been such a dramatic failure that it should be repealed, not expanded. It has been costing consumers £300 million a year while childhood obesity rates have continued to rise. To justify a further expansion of this regressive tax on the basis that it will hypothetically reduce children’s energy intake by one calorie a day is absurd. Sugar taxes have never worked anywhere. What happened to Starmer’s promise to not raise taxes on working people?”
“The sugar tax has been such a dramatic failure that it should be repealed, not expanded. It has been costing consumers £300 million a year while childhood obesity rates have continued to rise. To justify a further expansion of this regressive tax on the basis that it will hypothetically reduce children’s energy intake by one calorie a day is absurd. Sugar taxes have never worked anywhere. What happened to Starmer’s promise to not raise taxes on working people?”
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