The UK government has announced an extension of the Soft Drinks Industry Levy to more high-sugar drinks, including milk-based drinks, making it easier for families to buy less sugary products.
Changes will apply the charge to pre-packaged milk-based and milk-alternative drinks with added sugar like supermarket milkshakes, flavored milks, sweetened yoghurt drinks, chocolate milk drinks and ready-to-drink coffees.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.