As UK Chancellor Rishi Sunak looks set to hike taxes in the near future, I would urge higher earners to take action now to mitigate the possible substantial hit to their finances.
Mr Sunak is seeking to boost taxes in order to finance the UK’s recovery from the coronavirus crisis.
Sunday’s newspapers reported that the Treasury is devising new plans to generate at least £30bn a year to help cover the huge public spending due to the pandemic.
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