The Budget 2016 - Sugar Tax The Big Rabbit In Osborne's Budget

The video discusses the introduction of a tax on sugary drinks in the UK, set to begin in 2018. The tax aims to reduce sugar consumption and improve public health. A demonstration shows the amount of exercise needed to burn off calories from sugary drinks. The tax has two bands based on sugar content, with expected revenue of £520 million in the first year. Jamie Oliver supports the tax, urging manufacturers to reduce sugar. The industry argues the tax is unfair, as other sugary products are not taxed. The government plans to use the tax revenue to fund sports in schools and will release a broader child obesity strategy.

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