Chancellor Rishi Sunak


Chancellor Rishi Sunak


Matt Dunham/WPA Pool/Getty Images Alt Text

Chancellor Rishi Sunak

Chancellor tipped to offer self-employed 80% of their recent earnings – but with a lower cap than PAYE workers

One-Minute Read

Thursday, March 26, 2020 – 7:11am

The chancellor is set to announce a package of support for self-employed workers facing financial difficulties because of the coronavirus pandemic.

Rishi Sunak is expected to finally unveil the plan later today after stating that drawing up the measures had proven to be “incredibly complicated”.

See related

Self-employed call for coronavirus help ‘Gig economy’: When is a contractor not self-employed? UK lockdown: who can go out to work?

The government has been under growing pressure to support the self-employed, amid fears that many will be left financially stranded by the outbreak and forced to keep working even if they have symptoms.

Dr Adam Marshall, director general of the British Chamber of Commerce, told the Daily Mirror people’s livelihoods could vanish “in the blink of an eye”.

What is the chancellor expected to announce?

The Guardian says the taxpayer is expected to pay self-employed workers up to 80% of their recent earnings to help contain the economic impact of coronavirus.

However, it adds, some groups, including those already claiming universal credit, could be excluded.

The Telegraph speculates that Sunak could follow the example of Denmark and Norway by promising to pay contractors a proportion of their income calculated using their earnings over the past few years. Or, it says, he could adopt a French-style model and offer a flat payment for anyone whose earnings drop by more …read more

Source:: The Week – All news


(Visited 5 times, 1 visits today)
Government to reveal self-employed support package: what to expect

Leave a Reply

Your email address will not be published. Required fields are marked *