The UK government has announced plans to tax soft drink companies. The Chancellor of the Exchequer, George Osborne, announced the new tax as part of his 2016 Budget, which sets out how the government plans to spend its money.
At this stage it is thought the tax could raise $1billion (NZD) a year. It will be 2 years before the new tax comes into place, in order to give the companies who make them a chance to change their ingredients.
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