UK Announces Levy On Sugary Drinks.

eports that on Wednesday, the UK government announced a surprise tax on sugary drinks, creating a new policy battle between the global soft-drinks industry and government officials determined to curb sugar intake. The levy of roughly 18 pence or 24 pence a liter is expected to generate revenues of over $730 million in the first year. http://www.wsj.com/articles/u-k-unveils-levy-on-sugary-drinks-1458144731