Sugary drink tax third parties (MXC) and so want to consume at the unregulated market equilibrium to maximize their utility. This means that there is overconsumption of sugar and a welfare loss is created. The sugary drinks tax, a Pigovian tax, is a way to correct the negative externality by regulating the consumption of sugary drinks. Without a sugary drink tax, taxpayer money is used to pay for higher health care costs incurred from high consumption of sugar. Although this solution corrects the negative consumption externality, taxpayers that consume sugary drinks moderately and hence do not contribute to higher health care costs, still
Food and Drink Federation having its own Executive Committee. The drinks industry in Scotland is an important part of its economy, and its exports. Food and Drink Federation The Food and Drink Federation (FDF) is a membership organisation that represents and advises UK food and drink manufacturers. The Food and Drink Federation members are companies of all sizes as well as trade associations and groups dealing with specific sectors of the industry. The UK food and drink industry is the largest manufacturing sector in the country. It accounts for 19% of the total manufacturing sector by turnover and employ over 400,000 people in the