Britain’s Chancellor of the Exchequer unveiled a new tax on sugary drinks as part of the 2016 budget. George Osborne said drinks with more than five grams of sugar per 100 milliliters will be taxed saying that sugary drinks serve as “one of the biggest contributors to childhood obesity” Drinks will fall into two bands, one for total sugar content above 5g per 100ml, and a second, higher band for the most sugary drinks with more than 8g per 100ml. The tax which is to be imposed on the makers of sugary soft drinks, will come into force in 2018. “I can announce that we will introduce a new sugar levy on the soft drinks industry,” Osborne said, adding that the delay in implementation of the new measure was meant to “give companies plenty of time to change their product mix.” The sugar tax announcement sparked a big fall in the share price of soft drinks makers but it was welcomed by TV chef Jamie Oliver, who has been campaigning for such a move. Oliver wrote on his social media accounts: “We did it guys !! We did it !!! A sugar levy on sugary sweetened drinks.“ Jamie Oliver However, [...]