Newstalk
Newstalk

14.43 16 Oct 2012


Share this article


Leading economists were told at the weekend about a study that details a separate tax for saturated fat, added sugar and salt, and concludes that a levy on all three could generate €188 million a year for the exchequer.

Authors Maria Murray of Trinity College Dublin and Micheál Collins of the Nevin Economic Research Institute told the gathering including economists attached to government departments that the direct effect on consumers would be quite small. But it could lead suppliers to reduce fat and added sugar and salt in products.

The cash generated could be used for health promotion campaigns. The economists’ warning to Government was: “There will be no effect other than revenue unless you spend the revenue on generating change.”

Advertisement

The tax on saturated fat would cost consumers an average of 93 cent a week, while added sugar would add €1.10 a week to weekly shopping costs. And the levy for added salt would be a humble 15 cent a week. A tax on saturated fat alone could generate €79.91 million, while taxing added sugar could be worth up to €95.1 million with a salt tax yielding €13.08 million.

For individual consumers it would mean a 5 cent increase on a pack of butter, 3 cent on a half kilo of cheddar cheese, 3 cent on a chocolate bar and 5 cent on a two-litre bottle of cola.


Share this article


Read more about

Business

Most Popular

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share


Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Splanc

Splanc

22:00-00:00

Share

Up next

BEST OF NEWSTALK

BEST OF NEWSTALK

00:00-07:00

Share

TEAM 33

TEAM 33

07:00-08:00

Share

IN CASE YOU MISSED IT

IN CASE YOU MISSED IT

08:00-09:00

Share

THE HOME SHOW WITH SINEAD RYAN

THE HOME SHOW WITH SINEAD RYAN

09:00-10:00

Share

DOWN TO BUSINESS WITH BOBBY KE...

DOWN TO BUSINESS WITH BOBBY KERR

10:00-12:00

Share

FUTUREPROOF WITH JONATHAN MCCR...

FUTUREPROOF WITH JONATHAN MCCREA

12:00-13:00

Share

OFF THE BALL

OFF THE BALL

13:00-20:00

Share

TECH TALK WITH JESS KELLY

TECH TALK WITH JESS KELLY

20:00-21:00

Share

SCREENTIME WITH JOHN FARDY

SCREENTIME WITH JOHN FARDY

21:00-22:00

Share

DOCUMENTARY AND DRAMA ON NEWST...

DOCUMENTARY AND DRAMA ON NEWSTALK

22:00-23:00

Share

BEST OF THE PAT KENNY SHOW

BEST OF THE PAT KENNY SHOW

23:00-00:00

Share

00:00:00 / 00:00:00

Share on