Coronavirus: What Is The UK Government Doing To Help Self-Employed People?

26 Mars, 2020, 19:54 | Auteur: Auguste Feret
  • Chancellor Rishi Sunak

In his speech, the chancellor is expected to address issues surrounding the self-employed, many of whom are still unsure about the support they will receive if they decide against going to work during the coronavirus pandemic.

The Chancellor added: "95% of people who are majority self-employed will benefit from this scheme", which he claimed is "targeted at those who need it most".

In the daily news briefing on BBC One at 5pm, Sunak announced the government's intention to match the 80% salary support given to Pay As You Earn (PAYE) employees.

A new three-month "self-employed income support scheme" is being developed.

Any freelancer or contractor whose profits exceed £50,000 a year will be excluded as well as anyone who has newly become self-employed and did not fill in a self-assessment tax return for the past year.

Funds will be available no later than the beginning of June, the chancellor said, but in the meantime the self-employed will be able to access a business interruption loan and have full access to Universal Credit.

The government also announced tenants would be protected from eviction for at least three months. Now a self-employment income support scheme has been introduced by the Government, but what does this provide?

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Self-employed people are a crucial part of the UK's workforce who've understandably been looking for reassurance and support during this national emergency.

New government help for self-employed workers under financial strain has been set out by chancellor Rishi Sunak.

'For many people that have seen their businesses disappear in the blink of an eye, things like statutory sick pay or universal credit just isn't enough, ' Dr Adam Marshall, director general of the British Chambers of Commerce told the BBC's Today Programme this morning.

To minimise fraud, only those who are already in self-employment and meet the above conditions will be eligible to apply.

"Regardless of one's political leaning, the government's determination to "do whatever it takes" to get the United Kingdom through COVID-19 is certainly admirable".

"Whilst understandable, this support might have come too late for some".

"Ensuring the clear communication of exactly who is eligible for this support, and how they can access it will be vital".

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