George Osborne’s budget has provided riches to the nation – albeit, alas, only in terms of comedy. Sort of ‘gallows’ humour.
Yesterday evening I caught part of a documentary on Barack Obama, and it mentioned a televised speech about the US economy that was undermined when TV executives put ticker-tape text along the bottom of the screen showing share prices plummeting.
Somebody here in the UK was also watching share prices when George Osborne announced his sugar tax.
Here’s what happened to Scottish firm AG Barr, makers of Irn-Bru:
Perhaps Osborne is a secret Scottish Nationalist, and actually intended to give the people of that country another excuse to secede from the Union?
Other soft drinks firms were also hit – and they don’t even have the possible option of leaving:
AG Barr has released a statement saying it has already reduced sugar levels in its drinks.
The implication is that the drop in its share price was unfair, and the company wanted to complain to the Chancellor for victimising it.
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