Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

As PM, Johnson vows to launch review of 'sin taxes'

Published 03/07/2019, 00:15
© Reuters. Britain's Conservative Party's hustings event in Belfast

LONDON (Reuters) - Boris Johnson, frontrunner to become Britain's next prime minister, will launch a review into the so-called sin taxes on products high in salt, fat and sugar if he wins the contest for leader, he will say on Wednesday.

Britain's sugar tax on soft drinks came into force in April in an effort to tackle childhood obesity, and some officials are toying with the idea of putting levies on products with high salt and fat content to boost the strategy.

With Johnson, a former London mayor, and foreign minister Jeremy Hunt stepping up their campaigns to replace Theresa May, both have turned their attention to how they would run a country that is deeply divided after its 2016 EU referendum.

Johnson, who has vowed to take Britain out of the European Union on Oct. 31 with or without a withdrawal deal to smooth the transition, will say the "comprehensive review" would look into whether or not the so-called sin taxes "unfairly hit those on lower incomes".

He will also say that as prime minister, he would not raise any of the taxes or introduce any new ones until the review was completed, adding that people should be encouraged to be healthy and exercise to lose weight rather than being taxed more.

"Once we leave the EU on 31 October, we will have a historic opportunity to change the way politics is done in this country," he will say, according to excerpts from his team. "A good way to start would be basing tax policy on clear evidence." 

© Reuters. Britain's Conservative Party's hustings event in Belfast

Last month, an independent panel advising the World Health Organization (WHO) stopped short of recommending taxing sugary drinks after failing to reach a consensus.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.