Surprise sugar tax will have ‘profound’ worldwide impact on children’s health, says Jamie Oliver
Celebrity chef Jamie Oliver has welcomed a tax on sugary drinks, saying it is a “profound move that will ripple around the world”.
Health campaigners joined those praising Chancellor George Osborne for the surprise move, which goes against previous thinking from Prime Minister David Cameron.
Shares in listed drinks firms dropped sharply on the London stock market after the announcement in the Budget.
The tax will be levied against firms that produce sugar-sweetened drinks and brought in in two years’ time to give them a chance to drive down their sugar content.