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Martin Lewis explains ‘bizarre’ self-employment grant rule in new list of ‘need-to-knows'

Martin Lewis covid-19 pandemic information Coronavirus
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Martin Lewis has issued a new list of ‘need-to-knows’ offering invaluable advice for most households across the country during the coronavirus pandemic. “We are amid a health earthquake, yet the worry is we will see a possibly even more devastating financial aftershock,” the money-saving expert wrote in the latest edition of his weekly newsletter.His sombre mood continued: “With rapid economic decline, and unemployment levels likely to rise maybe even higher than in the early '80s, there are huge challenges for individuals and society.” In this week's newsletter, the founder of MoneySavingExpert.com offers guidance on the “bizarre” Self-Employment Income Support Scheme (SEISS) rule, how no-fee credit card balance transfers are disappearing.

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Coronavirus Job Rentention Scheme begins to be wound down, 'uncertainty' may lead to redundancy in the coming weeks or months.The furlough scheme, which has so far covered the wages of 8.4 million staff unable to work during lockdown at a cost of around £15 billion, is set to be changed in July after Chancellor Rishi Sunak confirmed it would be "wound down".Martin said on Monday's This Morning: "The scheme has indeed been extended until October, but while employees must still receive at least 80 percent of their salary, from August employers will be asked to start to pay - at first just covering national insurance and pension contribution costs."But each month more is added, until by October - the final month of furlough - they pay 20
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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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