October 11, 2016
The Face the Facts: Can the Tax coalition have today delivered over 2,000 letters from newsagents, small business owners and publicans asking the Chancellor to scrap the soft drinks tax.
Newsagents are predicted to lose out on thousands of pounds a year in lost revenue if the tax is introduced.
Over 2,000 newsagents, small business owners and publicans from across the country today wrote to the Chancellor of the Exchequer asking him to scrap the soft drinks tax.
Research from The National Federation of Retail Newsagents (NFRN) predicts the soft drinks tax will cost newsagents thousands of pounds a year in lost revenue.
In addition, independent researchers at Oxford Economics have warned the tax will cost the UK economy £132 million and could put over 4,000 jobs at risk.
The letters were delivered today by hand to The Treasury by the Face the Facts: Can the Tax coalition, which represents thousands of businesses from all corners of the UK who oppose the tax.
Gavin Partington, Director General of the British Soft Drinks Association
“The sheer number of letters to the Chancellor today illustrates the huge opposition to the soft drinks tax from Britain’s small businesses and the people who work in them.
“The Government is irresponsibly putting 4,000 jobs across the country at risk for a tax which research shows will only reduce calorie intake by 5 calories per person per day.”
Paul Baxter, CEO, The National Federation of Retail Newsagents (NFRN)
“Newsagents are at the heart of every community in the UK giving us a unique perspective on the real economy.
“The fact that so many newsagents are today warning of the risk the soft drinks tax poses should give the Chancellor pause for thought.
“Most newsagents are family run businesses meaning that losing thousands of pounds a year in revenue is going to hit them hard. The Chancellor needs to scrap the tax now.”