Osborne Taxes Same EU Sugar He Subsidises

EU Sugar

Nanny Osborne’s sugar tax was brought in because the Treasury believes “that tax effects behaviour. So let’s tax the things we want to reduce.” By the same logic, surely Osborne should be fighting hefty EU sugar subsidies. Extended to go on until 2020 despite opposition from Oxfam and the WTO, the EU heavily subsidises sugar producers and exporters. Mega-corporation Tate & Lyle Europe has received a whopping €594,270,084 since the sugar subsidies began in 1999, with the EU currently guaranteeing a price of beet sugar at €26.29, while white sugar will fetch a guaranteed €404.40 per tonne. Sugar producers get a sweet deal from the EU.

If Osborne believes in taxing things to suppress demand, why is he subsidising the same things? By ensuring the price of sugar, the EU encourages sugar consumption, yet the Chancellor still won’t withdraw support for the generous subsidies…




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Quote of the Day

Matthew Parris self-diagnoses as a Remainiac:

“There’s no denying it. My spirit is restless and I must confess. This Brexit thing is driving me slightly mad. And I do mean that clinically: not as a rhetorical flourish. My mental state, like that of so many I know on both sides of the Remain/Brexit divide, is capable of medical diagnosis. A shaft of insanity has pierced our interior lives. I really am becoming a Remainiac… I know I’m boring my readers; know there’s almost nothing left to be said; know that the voice in my head, my mother’s voice, telling me I just need a good night’s sleep, is right… Is it not the first and clearest indication that the balance of one’s mind has been disturbed that, when having done all one reasonably can to achieve a result, one simply cannot let something go? What is the point of waking up at 3 a.m. and fretting sleepless until sunrise that we are leaving the European Union?”

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