UK scientists push for 20% soda tax
The charge could lead to 180,000 fewer obese adults in the region, the researchers argue.
By Christopher Freeburn
It seems New York City Mayor Michael Bloomberg isn't the only one worried about the fattening effect of soda consumption.
Facing estimates that a quarter of United Kingdom residents are currently obese, scientists from Oxford University and Reading University are suggesting a 20% tax on sales of sugary soda. The levy is expected to most impact the consumption habits of people under 30 and result in a 1.3% reduction in British obesity, the Associated Press notes.
That would mean 180,000 fewer obese adults in the country, according to the researchers' calculations, published in the British Medical Journal.
Once scientist noted that almost any other beverage is “going to be better than a sugary drink.” He noted that the tax proposed by the study wouldn’t end the problem of obesity, but could contribute toward a decline in the number of obese people.
Mexico, Norway, France and certain areas of the U.S. have imposed taxes on sugary sodas. However, the overall impact of such levies remains unclear.
In New York, Mayor Bloomberg imposed a ban on the sale of large-sized sugary sodas last year, but it was struck down by a judge earlier this year.
Soda makers like PepsiCo (PEP) and Coca-Cola (KO) have been criticized by health advocates for producing drinks that contribute to growing waistlines. Coca-Cola has responded with an advertising campaign that stresses is low-calorie offerings and calls on people to take personal responsibility.
More From InvestorPlace
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.
Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'