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LONDON (Reuters) - Hamburgers, soft drinks and cakes could be hit with a 'fat-tax' in a bid to combat Britain's growing levels of obesity. The British Medical Association is proposing a 17.5% VAT on high-fat foods like biscuits and processed meats to solve obesity-related problems, which cost the NHS roughly 500 million pounds ($825 million) a year. According to government statistics, one in five men and one in four women is obese. Obesity is a serious risk factor for heart disease, high blood pressure, stroke, diabetes, muscle and respiratory problems and certain types of cancer. A levy on fatty foods would be widely perceived as a regressive tax because people on lower incomes tend to eat proportionally larger quantities of cheap, high-fat food...
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