Coronavirus: Self-employed could get up to 80% of monthly earnings during pandemic


A lifeline has been offered to self-employed people after the Government amended the emergency coronavirus bill to cover most of their earnings. Last week Chancellor Rishi Sunak promised to cover 80% of workers’ wages to prevent employers from laying them off as more and more people began to self-isolate due to Covid-19.

Questions remained over how many self-employed people would put food on the table until a new amendment was made to the Government’s emergency Coronavirus Bill.

Previously the only assurance given to people who work for themselves was that they could claim £94.25 a week in Universal Credit, leaving many panicking over how they could cover their costs.

But changes to the bill now mean freelancers and self-employed people will be paid 80% of their net monthly earnings averaged over the last three years, or £2,917, whichever is lower.

The Government’s coronavirus job retention scheme was unveiled to help stop firms from going under following official advice on social distancing. As Britons were asked to stay at home unless absolutely necessary, many businesses suffered a devastating loss of demand and footfall and began letting staff go.

More to follow.

Source From:

83 views0 comments