Rishi Sunak Britain death testing Government Rishi Sunak Britain

Coronavirus: Self-employed to get 80% of profits in bailout - but not until June

Reading now: 611
www.mirror.co.uk

Millions of self-employed people will be given an "unprecedented" grant worth 80% of their profits in a coronavirus bailout - but not until JUNE.

Chancellor Rishi Sunak finally unveiled a scheme for Britain's 5million self-employed tonight after days of frantic talks with unions.

He said the taxable grant will be worth 80% of a firm's monthly profits over the last three years - capped at £2,500 a month.

Those figures are similar to a scheme being offered to millions of full- and part-time workers. Yet while that scheme will be open in April, the Chancellor admitted the scheme for the self-employed will only be in force “no later than the beginning of June” - more than two months away.

Read more on mirror.co.uk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA