Osborne To Levy Sugar Tax On Soft Drinks

George Osborne has announced a sugar tax on soft drinks which will raise £520m for school sports and longer school days. At the same time the Chancellor said fuel duty would be frozen for the sixth year running along with the levy on beer, cider and whisky. Delivering his eighth Budget in the job, Mr Osborne had to admit government debt will rise as a proportion of GDP this year - breaking a key rule he had set himself - while economic growth forecasts have been revised down sharply.