‌Soft drinks firm Suntory also said shop prices were likely to rise because of a forecast £60million hit to the business. ‌Chancellor Rachel Reeves is expected to confirm in next month’s Budget if a “strengthened” sugar tax - formally known as the Soft Drinks Industry Levy - will go ahead. It could involve lowering the sugar content threshold at which the levy kicks in from 5g per 100ml to 4g. ‌She claimed the proposed sugar content reduction target had “very questionable” health benefits. In a letter, organised by the British Soft Drinks Association, they said strengthening the sugar tax would have “severe economic consequences for our industry”