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Britain is set introduce a sugar tax on excessive sugar levels in soft drinks in two years in an effort to cut down childhood obesity levels.

The finance ministry said the tax will be on drinks with more than five grams of sugar per 100 milliliters.

The ministry added the money raised would be used to fund sports activities in schools.

The delay in implementation is meant to give companies time to change their product mix.

Health experts welcomed the new tax.

However, shares in soft drinks producers plunged after the announcement.

-Mornings @ ANC, March 17, 2016