The sugar tax announced by the Chancellor last month will not just be ineffective, but also very expensive.
The Office for Budget Responsibility (OBR) has already said that the inflationary impact of the sugar tax will mean an extra £1billion added to the national debt interest, which is bad enough.
But now a leading pensions and wealth management provider has said that the inflationary impact of the sugar tax will mean that pension funds will have to find at least another £3billion to cover these extra costs.
We also know that index-linked benefits will have to be increased because of the sugar tax.
Will that be another £1billion perhaps?
The sugar tax will cost families more in Hart, Manor House and Seaton.
We call on the Chancellor to scrap it now.
He’s done it before with the pasty tax.
He can do it again with the sugar tax.
People against Sugar Tax,