News & Analysis for the Beverage Industry
Championing the success of the policy so far, the UK government wants to increase the impact of the Soft Drinks Industry Levy. It’s already announced an increase to the tax: and is also considering extending it to include milk-based drinks.
Milk-based drinks are currently exempt from the UK's Soft Drinks Industry Levy: but the tax's scope could be extended to include sugary milkshakes, dairy drinks and RTD coffee.
Coffee giant Starbucks will no longer charge extra for plant-based alternatives: making soy, oat, almond and coconut alternatives more attractive to consumers.
Summer revenues for Coca-Cola Europacific Partners were stung by poor weather, though Euro football and the Paris Olympics contributed towards what is shaping up to be a “solid year” for the group.