Government could impose ‘milkshake tax’ as it tries to raise incomepublished at 09:26 GMT<\/p>\n
09:26 GMT<\/p>\n
In just over 24 hours, Chancellor Rachel Reeves will stand
\nin the House of Commons and deliver her Budget, setting out the government\u2019s
\ntax and spending plans.<\/p>\n
For weeks, Reeves was widely expected to raise income tax – which would have breached the manifesto that
\nsaw Labour win the 2024 election by a landslide. <\/p>\n
Then, earlier this month, government insiders changed their tune,
\nand said income tax would not rise after all. <\/p>\n
Reeves, however, still needs to increase revenue if she is
\nto meet her own fiscal rules. And so a series of other tax rises are expected \u2013
\nincluding a so-called milkshake tax.<\/p>\n
It would mean the existing sugar tax, which mainly applies
\nto fizzy drinks, being levied on packaged milk-based drinks. That could add a few pence
\nto milkshakes, plus milk-based coffees \u2013 and even protein shakes.<\/p>\n
Or \u2013 as has happened with some fizzy drinks \u2013 manufacturers may
\nlower their sugar content to avoid the tax.<\/p>\n
Although Reeves’s big statement is tomorrow, it\u2019s thought the
\nsugar tax could be announced today by Health Secretary Wes Streeting. Stay with
\nus for the latest news and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"Government could impose ‘milkshake tax’ as it tries to raise incomepublished at 09:26 GMT 09:26 GMT In just…\n","protected":false},"author":2,"featured_media":312788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[97,269],"class_list":{"0":"post-312787","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nutrition","8":"tag-health","9":"tag-nutrition"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/312787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=312787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/312787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/312788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=312787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=312787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=312787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}