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    Stock Market News: Volatility Up 14% As Markets Fall

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Home Personal Finance

Self-employed benefits coronavirus: Are they enough to help? | Personal Finance | Finance

Trade News by Trade News
March 28, 2020
in Personal Finance
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Self-employed benefits coronavirus: Are they enough to help? | Personal Finance | Finance
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Many self-employed people expressed their concerns after being made to wait for the Government to outline what help they would be entitled to. Prior to Thursday’s briefing, Rishi Sunak had only spoken publicly about his measures to support employees at risk of losing their jobs and businesses that faced closing permanently as a result of the coronavirus pandemic.

Is the Chancellor’s income support scheme enough to help the self-employed?

Express.co.uk has spoken to a range of people to get their thoughts on whether the Self-Employed Income Support Scheme goes far enough.

On Thursday, Mr Sunak said: “The Government will pay self-employed people, who have been adversely affected by the coronavirus, a taxable grant worth 80 percent of their average monthly profits over the last three years, up to £2,500 a month.

“This scheme will be open for at least three months – and I will extend it for longer if necessary.

“You’ll be able to claim these grants and continue to do…



Source Google News

Tags: benefitscoronavirusfinancepersonalSelfemployed
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