Sugar tax surprise in U.K. budget, but growth forecasts cut

Re:Sugar tax surprise in U.K. budget, but growth forecasts cut by sanjiwatsuki on Wednesday March 16, 2016 @03:36PM (#11300069)

For those interested in how the sugar tax might affect things going forward, the NBER did an early study on the effects of the sugar tax on Mexico [0].

[0] http://www.nber.org/papers/w21197.pdf

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Re:Sugar tax surprise in U.K. budget, but growth forecasts cut by SinomaSo on Wednesday March 16, 2016 @03:39PM (#11300086)

What's the TLDR?

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Re:Sugar tax surprise in U.K. budget, but growth forecasts cut by sanjiwatsuki on Wednesday March 16, 2016 @04:45PM (#11300539)

For a soda tax to work and reduce consumption, the price for soda must rise.

The cost of the taxed drinks, indeed, sharply rose.

The cost of the other untaxed drinks that were caloric substitutes, like juice or milk, did not go up. This suggests that people were not just substituting soft drinks for other high calorie drinks.

Early results suggest that the tax may achieve its goal of weight loss, but it is too early to tell.

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