Advert

Latest

2 days ago
Advert
2 days ago
Advert

Most Popular

2 days ago
Advert

BREAKING: Government Announces Emergency Fund For Self-Employed Workers During Lockdown

BREAKING: Government Announces Emergency Fund For Self-Employed Workers During Lockdown

The government has announced a raft of new measures to support self-employed Brits during the coronavirus lockdown.

Speaking on Thursday afternoon, Chancellor Rishi Sunak unveiled details of the new Self-Employed Income Support Scheme for the first time.

He revealed the government will pay self employed people a taxable grant worth 80 per cent of their average monthly profit, based on figures over the last three years, worth up to £2,500 per month.

Advert
Credit: BBC
Credit: BBC

The scheme will be in place for up to three months but can be extended for longer "if necessary", he added.

Speaking from Downing Street tonight, the cabinet minister assured self-employed Brits they "have not been forgotten".

More Like ThisMore Like This

1 of 6
News

Lockdown Roadmap UK: Boris Johnson Confirms Rule Of Six Will Return Next Month

Advert

However, many were disappointed to learn that the cash, which will be paid in one lump sum, will not be available until June.

Rishi Sunak's Budget Speech - Chancellor Announces 95 Per Cent Mortgages
News

Rishi Sunak's Budget Speech - Chancellor Announces 95 Per Cent Mortgages

published at4 days ago

Up until now, the government had pledged to help pay 80 per cent of wages for employees on a payroll, but those who work for themselves were only eligible for employment support allowance.

They were only allowed to claim employment and support allowance (ESA) and/ or Universal Credit, equivalent to statutory sick pay at £94.25 a week.

Advert

But with many out of work completely, self-employed have been anxious knowing this would not cover rent, mortgages and bills.

Credit: PA
Credit: PA

Featured Image Credit: PA

Topics: government, News, Coronavirus

Chosen for YouChosen for You

Harry And Meghan's Oprah Interview: Meghan Says She Feels 'Liberated'
published at2 days ago

Most Read StoriesMost Read

Entertainment

People Are Only Just Discovering Gary Oldman And Laila Morse Are Brother And Sister

published at2 days ago

Lauren Bell

A freelance journalist at Tyla with an interest in health and fitness, travel and lifestyle topics, as well as highlighting issues for women. She graduated from the University of Sheffield in 2011 with a BA Honours Journalism degree and ever since has written for various platforms, including Mail Online, The Sun, that's life magazine and b-inspired magazine.