Brace for tax hikes in the March Budget. Chancellor Rishi Sunak has told Conservative MPs that there is no “magic money tree” as he lays foundations for a series of tax increases to help repay the national debt incurred during the Covid-19 crisis.

The FT has reported on the intentions of Rishi Sunak, with the March Budget a little over a month away. In this video, I’m taking a look at the tax hikes (including corporation tax going from 19% to 23% to raise £14bn a year) that might be coming soon, and what you can do to protect your wealth.


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Sunak tells Tory MPs there is no ‘magic money tree’ (FT): https://www.ft.com/content/db6122d5-0efc-4dc7-8c17-0afbc3033924

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Martin Bamford is a Chartered Financial Planner, Fellow of the Personal Finance Society and Director of Client Education at Informed Choice.

He’s author of three bestselling personal finance books:

The Money Tree: https://amzn.to/2HE1Pm9

Brilliant Investing: https://amzn.to/34xIdZJ

How to Retire 10 Years Early: https://amzn.to/2HEtxPq

Martin is a co-author of Harriman’s New Book of Investing Rules: https://amzn.to/3oz6KFJ

Martin is responsible for investment management research at Informed Choice and is our media spokesman. He is the host of the popular Informed Choice Radio podcast: https://icradio.co.uk/

Listen on Apple Podcasts: https://itunes.apple.com/gb/podcast/the-informed-choice-podcast/id941872073?mt=2&ls=1

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