Connect with us

Published

on

The sugar tax currently imposed on soft drinks could be applied to milkshakes as the government seeks to crack down on rising obesity levels.

The government has opened a consultation to extend the tax to pre-packaged drinks containing at least 75% milk, including non-dairy substitutes with added sugar such as oat, soy, almond and rice milk.

This will include pre-packaged cans of latte, flavoured milkshake drinks and cartons of milk alternatives bought in supermarkets.

Politics latest: Govt ‘reviewing’ Article 8 of ECHR

Pic: istock
Image:
The tax could be extended to include non-dairy substitutes with added sugar. Pic: iStock


Ministers also want to lower the minimum amount of sugar allowed before the tax is applied in these drinks, as well as in fizzy drinks already included in the tax – known formally as the Soft Drinks Industry Levy.

Extending the tax will hit 203 pre-packaged milk-based drinks currently available – 93% of sales, Department of Health analysis found.

The original sugar tax on soft drinks was introduced in 2018 under the Conservative government and has led to a 46% reduction in sugar in those drinks, with 89% of soft drinks sold in the UK now not paying the tax due to reformulation.

Modelling studies have found this may have prevented thousands of cases of childhood obesity and cut down on tooth decay.

However, the government said UK sugar intakes remain about double the recommended level, which is why Chancellor Rachel Reeves announced in the October budget there would be a consultation to extend it.

The sugar tax was introduced in 2018. Pic: Reuters
Image:
The sugar tax was introduced in 2018. Pic: Reuters

The proposals are:

• To reduce the minimum sugar content at which the tax applies from 5g to 4g of sugar per 100ml

• To include milk-based drinks – but with a “lactose allowance” to account for milk’s natural sugars

• To also include milk substitute drinks with added sugars.

The government says this could reduce daily calorie intake by 1.2kcal in 19-64 year olds and 2.1kcal in 11-18 year olds to achieve health and economic benefits of around £4.2bn over 25 years.

The Treasury’s tax department, which carried out the analysis, said that was an average over each age group, with many people not consuming the drinks at all.

Drinks that would come under the new proposal include: Starbucks Caramel Macchiato Iced Coffee (8.2g sugar/100ml), Shaken Udder Vanillalicious milkshake (8.4g sugar/100ml), Yazoo Strawberry Milk Drink (9.6g sugar/100ml), Alpro Soya Chocolate long life drink (7.6g sugar/100ml), Califia Farms Matcha Latte (4.3g sugar/100ml), Oatly Oat Drink Chocolate Deluxe (6.8g sugar/100ml).

Read more:
The food industry’s dirty secret making Britain poorer and unhealthier
Food inflation highest in almost a year

Please use Chrome browser for a more accessible video player

UK may have reached ‘peak obesity’

‘Sucker punch’ to stretched families

The Conservatives said the extension is a “sucker punch” to households when Labour had “already pushed up the cost of living for families”.

Reform UK leader Nigel Farage told the BBC he was “sick to death of a government telling us how we should live” and said they should focus on educating people who can then make healthy decisions.

Currently, the sugar tax is charged at £1.94 per 10 litres on drinks with 5g to 7.9g sugar per 100ml and £2.59 per 10 litres for drinks with 8g or more sugar per 100ml.

For the 2023/2024 financial year, the sugar tax brought in about £338m, with 95% paid on drinks containing 8g or more sugar per 100ml.

Milk and milk substitute-based drinks have been exempt from the sugar tax over concerns one in five teenage girls did not get enough calcium in their drinks.

However, milk-based drinks only provide up to 3.5% of calcium for children aged 11 to 18 years, compared with 25% from plain milk and 38% from cereal products, including fortified white bread.

Calls for sugar tax on food

Industry body, the Food and Drink Federation, welcomed the consultation and said “significant progress” had already been made in reducing sugar in soft drinks and pre-packed milk drinks in the last three years.

It added manufacturers are facing a series of pressures and called on the government to “create the right conditions for businesses to innovate and also be clear about their long-term goals to promote business confidence”.

Charity The Food Foundation also welcomed the consultation but said the government needs to be more ambitious and include food in the sugar tax “if the government is serious about improving diets, our health and the economy”.

The consultation will run from 28 April until 21 July, with businesses, charities and individuals encouraged to let their views be known.

Continue Reading

Politics

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder

Published

on

By

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder

The crypto industry has seen a significant shift toward regulatory compliance since its early days, according to James Smith, co-founder of Elliptic, a crypto compliance firm established in 2013.

“In the early days, only a few companies approached compliance in a serious way,” Smith told Cointelegraph at the Token2049 event. “Coinbase was our first customer — they knew from the start that they wanted to build their business that way. But for most others, it just wasn’t a major priority.”

‘Huge Shift’ in crypto firms’ compliance mindset, says Elliptic co-founder
Elliptic co-founder James Smith at Token2049. Source: Cointelegraph

That began to shift as regulators, including those in New York State, took a more active interest in the crypto industry. The involvement of traditional financial institutions like Fidelity and DBS Bank also contributed, as they entered the space with established compliance expectations from traditional finance services.

Fidelity, for instance, offered its first crypto service for customers in 2019, while the Asian giant DBS created a digital exchange for accredited and institutional investors in 2020.

“We’ve seen a big change in the last couple of years. Exchanges on the global map all care about compliance now, because they want to be part of a global ecosystem,” Smith said.

Related: DeFi security and compliance must be improved to attract institutions

Compliance questions after Bybit hack

Crypto exchanges and peer-to-peer protocols remain the industry’s key compliance targets. For authorities, these firms are seen as critical choke points where Anti-Money Laundering and broader financial surveillance controls take effect. At the same time, they’re frequent candidates for sophisticated hacks and laundering operations, as seen in the Lazarus Group’s tactics.

The latest example comes from the Bybit hack, where the Lazarus Group engaged in a sophisticated money laundering scheme to funnel funds. The hackers quickly swapped low-liquidity tokens for Ether (ETH), then swapped them for Bitcoin (BTC) using no-KYC (Know Your Customer) decentralized exchanges.

“They went through some no KYC exchanges, which probably shouldn’t exist, but also through a decentralized protocol where there was lots of liquidity provision that enabled them to get it into Bitcoin,” Smith said, adding that “we’re making it too easy for them as an industry.”

Smith also noted that even after firms flagged the funds as stolen, users continued to trade them through decentralized platforms. “Why was there so much liquidity available to help launder this money?” he said, arguing that those providing liquidity to such protocols should be subject to basic checks on the source and destination of funds. “Go and look at who’s making money. And that’s the first place to start putting some controls.”

Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis

Continue Reading

Politics

UK joins US in strike on Houthi target in Yemen for first time since Donald Trump re-elected

Published

on

By

UK joins US in strike on Houthi target in Yemen for first time since Donald Trump re-elected

The UK has joined US forces in attacking a Houthi target in Yemen for the first time since Donald Trump was re-elected.

The Ministry of Defence (MoD) confirmed the strikes took place on Tuesday as part of the government’s response to Houthi attacks on international shipping in the Red Sea and Gulf of Aden.

The ministry said careful intelligence analysis identified a cluster of buildings used by the Houthis to manufacture the sort of drones used to attack ships, located 15 miles south of the capital Sanaa.

RAF Typhoon FGR4s conducted strikes on several buildings using Paveway IV precision-guided bombs.

The planes had air refuelling support from Voyager tankers.

The ministry said the strike was conducted after dark to reduce the likelihood of civilians being in the area.

All the aircraft returned safely.

John Healey during the press conference.
Pic: Reuters
Image:
John Healey. Pic: Reuters

Defence Secretary John Healey said: “This government will always act in the interests of our national and economic security.

“Royal Air Force Typhoons have successfully conducted strikes against a Houthi military target in Yemen and all UK aircraft and personnel have returned safely to base.

“We conducted these strikes, supported by the US, to degrade Houthi capabilities and prevent further attacks against UK and international shipping.”

Read more from Sky News:
Kneecap’s Eden Project gig cancelled amid ‘kill MPs’ row
Israel releases medic detained after IDF attack on aid workers
Crush fly-tippers’ vans, government tells councils

Houthis a ‘persistent threat’ to ‘freedom of navigation’

Mr Healey said Houthi activities in the Red Sea are a “persistent threat” to “freedom of navigation”.

“A 55% drop in shipping through the Red Sea has already cost billions, fuelling regional instability and risking economic security for families in the UK,” he said.

“The government is steadfast in our commitment to reinforcing global stability and protecting British working people. I am proud of the dedication and professionalism shown by the service men and women involved in this operation.”

Follow The World
Follow The World

Listen to The World with Richard Engel and Yalda Hakim every Wednesday

Tap to follow

US intensifies strikes on Houthis

It was the first time UK forces have struck a target in Yemen since May last year, the ministry confirmed.

The US has intensified its strikes on the Iran-backed Houthis under Mr Trump’s presidency, after his re-election in November 2024.

The group began launching attacks on shipping routes in November 2023 saying they were in solidarity with Palestinians over Israel’s war with Hamas in Gaza.

Please use Chrome browser for a more accessible video player

Houthi rebels allege US airstrike hit prison

The strike came after a Houthi-controlled TV channel claimed a US strike killed 68 people at a detention centre for African migrants in Yemen on Monday.

Continue Reading

Politics

Labour promised MPs a vote on Trump trade deal – now Starmer doesn’t seem so sure

Published

on

By

Labour promised MPs a vote on Trump trade deal - now Starmer doesn't seem so sure

Will MPs get a vote on a trade deal with Donald Trump?

It used to be Labour policy, though Sir Keir Starmer didn’t sound keen on the idea at Prime Minister’s Questions.

The PM was challenged, first by Lib Dem MP Clive Jones, who wants a guarantee that parliament has the final say on any trade deal, including one with the US.

“This idea is not new,” said Clive, who used to be a director of various toy companies, and was president, chairman and director of the British Toy and Hobby Association, no less.

“It’s exactly what Labour promised to do in an official policy paper put forward in 2021, so I am asking this government to keep their promise,” he continued.

And, toying with the PM, he complained: “Currently, members of parliament have no vote or voice on trade deals.”

In reply, Sir Keir gave one of those non-answers we’re becoming used to at PMQs, saying rather tetchily: “As he knows, parliament has a well-established role in scrutinising and ratifying trade deals.”

More on Keir Starmer

Later, Sir Ed Davey had a go. “Will the government give MPs a vote on the floor of the House on any deal he agrees with President Trump? Yes or no?” he asked.

He fared no better. Sir Keir said again: “If it is secured, it will go through the known procedures for this House.”

Read more on the trade deal:
US ‘positive’ on talks

Deal ‘possible’ but not ‘certain’

Please use Chrome browser for a more accessible video player

Chancellor’s trade deal red lines explained

So what are parliament’s “well-established role” and “the known procedures”? And what exactly did Labour promise in opposition back in 2021?

The 2021 promise was, in fact, one of those worthy pledges parties make in opposition and then either conveniently forget about or water down when they’re in government. U-turn if you want to.

The policy paper referred to by Mr Jones was: “Labour’s trade policy: putting workers first” – published in September 2021 by Emily Thornberry when she was shadow international trade secretary.

The secretary of state at the time was none other than Liz Truss. Whatever happened to her? Come to think of it, whatever happened to Emily Thornberry?

Back then idealistic Emily declared in her policy paper: “We will reform the parliamentary scrutiny of trade agreements…

“So that MPs have a guaranteed right to debate the proposed negotiating objectives for future trade deals, and a guaranteed vote on the resulting agreements…”

A guaranteed vote. Couldn’t be clearer. And there was more from Emily.

“…with sufficient time set aside for detailed scrutiny both of the draft treaty texts and of accompanying expert analysis on the full range of implications, including for workers’ rights.”

Sufficient time for detailed scrutiny. Again, couldn’t be clearer.

Pic: PA
Image:
Starmer was pushed on the deal at PMQs. Pic: PA

Then came a section headed: Parliamentary Scrutiny of Trade Deals.

“The Constitutional Reform and Governance Act 2010 (CRAG) dictates that international treaties (including trade agreements) must be laid before parliament for a period of 21 sitting days before they can become law,” we were told back then.

“At present, a treaty can only be challenged and (temporarily) rejected by means of an opposition day debate, if one is granted by the government within that time.

“The CRAG legislation was agreed by parliament before Brexit was on the horizon. Its procedures for the ratification of trade treaties, which were then negotiated and agreed at EU level, were given no consideration during the passage of the Act, and no one envisaged that they would become the mechanism for parliamentary scrutiny of the government’s post-Brexit trade deals…

“Despite the flagrant evidence of the inadequacy of the CRAG Act to allow proper oversight of trade deals, the government repeatedly blocked numerous cross-party proposals to improve the processes for parliamentary scrutiny and approval during passage of the 2021 Trade Act.

“A future Labour government will return to those proposals, and learn from best practice in other legislatures, to ensure that elected MPs have all the time, information and opportunity they need to debate and vote on the UK’s trade deals, both before negotiations begin and after they conclude.”

So what’s changed from the heady days of Liz Truss as trade secretary and Labour’s bold pledges in opposition? Labour’s in government now, that’s what. Hence the U-turn, it seems.

Parliament’s role may be, as Sir Keir told MPs, “well-established”. But that, according to opponents, is the problem. It’s contrary to what Labour promised in opposition.

👉Listen to Politics at Sam and Anne’s on your podcast app👈

Sir Ed hit back at the PM: “I’m very disappointed in that reply. There was no ‘yes’ or ‘no’ response. We do want a vote, and we will keep pressing him and his government on that.”

And true to their word, Mr Jones and another Lib Dem MP, Richard Foord, have already tabled private member’s bills demanding a final say on any trade deal with President Trump.

Watch this space. And also watch out for Labour MPs also backing demands for a Commons vote on a Trump trade deal before long.

Continue Reading

Trending