The report argues that current nanny state policies, though intended to reduce consumption of alcohol and unhealthy foods, often lead to economic damage, extensive regulations and minimal impact on consumption patterns.
The recommendations aim to render the UK the freest country in Europe by removing overbearing restrictions that stifle market competition and impose unnecessary costs on consumers.
Repealing the sugar tax in alignment with evidence of its ineffectiveness, and removing advertising restrictions on food, will allow consumers greater freedom without harmful economic effects.
By adjusting alcohol tax rates to be uniform and reducing tobacco duties, the IEA suggests significant shifts that would not only stimulate the economy but also diminish illegal markets.
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