Announcement of the new ‘milkshake tax’
Rachel Reeves plans to announce the introduction of a new ‘milkshake tax’ aimed at helping to close a budget deficit of £20 billion. The Chancellor intends to abolish the tax exemption that has previously applied to dairy drinks.
The tax on non-alcoholic drinks is already being extended to sugary products, including Coca-Cola and Irn Bru. Producers are required to pay no less than 18 pence per liter on fizzy drinks.
“We need to find ways to fill our budget deficit,” said Rachel Reeves.
This new tax has sparked heated discussions in society, as it will affect popular dairy drinks that are in demand among Britons. The proposal raises questions about how the government plans to address the growing budget deficit and what consequences it will have for consumers.
