Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy noticeRachel Reeves is reportedly expected to introduce a ‘milkshake tax’ in next week’s Budget as she tries to plug the gap in the public finances. Among them could be a tax on milkshakes, as The Telegraph reports that Ms Reeves is preparing to end an exemption that milk-based drinks have from the levy on soft drinks. The Soft Drinks Industry Levy currently applies to soft drinks with added sugar and it means that the producers pay at least 18p per litre on soft drinks containing 5g or more of sugar per 100ml. But Mr Haldane said the Budget rumours had “without any shadow of a doubt” had a direct impact on growth.