Government goes ahead with ‘Milkshake-Tax’ to tackle obesity

UK shoppers will soon have to pay more for their cold lattes and other sugary milk drinks, as Chancellor seeks to close the ‘loophole’ in the sugar tax, confirmed in November’s Budget today. Pre-packed milkshakes and other dairy-based products will soon be hit by the Soft Drinks Industry Levy (SDIL) tax, which was introduced by…

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Fuel duty frozen until 2026

The government will freeze the 5 pence per litre fuel duty until September 2026, when it will be replaced by a 3 pence per mile for electric cars from 2028. The change will cost £2.4bn next year and £900mn annually thereafter, according to the Office for Budget Responsibility. The move, alongside the Fuel Finder scheme…

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Reeves axes energy efficiency scheme in attempt to reduce bills

The Chancellor has pledged to lower household energy bills by scrapping an earlier scheme designed to improve energy efficiency. Reeves told MPs her proposals would cut the average household bill by £150 from April.   She said the current Energy Company Obligation (ECO) scheme, introduced by the Conservatives, “costs households £1.7bn a year on their…

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