It raises concerns plans including a ban on TV advertising of junk food pre-9pm could be scrapped.
Katharine Jenner, director of the Obesity Health Alliance, a coalition of 40 organisations, said axing measures in the strategy would "not help the cost of living crisis in the short term, and in the long term would lead to serious consequences for our health, our economy and our NHS".
She added that such a move would be "a kick in the teeth to families trying their hardest to live well on a budget".
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