Chancellor Rishi Sunak has announced that people who are self-employed can receive grants for 80% of their monthly salary, up to £2,500 a month in total.
Rishi Sunak said “To all those who are self-employed, you haven’t been forgotten, we will not leave you behind”
The chancellor added that the scheme is open to all those with trading profits of up to £50,000.
These grants will be determined by the average monthly salary made by a person over the last 3 years.
People who make the majority of their income working for themselves and who filed a tax return in 2019 are eligible for this income support scheme by the government.
People who didn’t submit a tax return by the 31 January will now only have the next 4 weeks to do so in order not to miss out on the scheme.
The chancellor Mr Sunak, said that this support scheme would help 95% of people in the UK who are considered self-employed.
In other news, food charities are warning that a lot of people around the UK will need food aid in the next few days, due to the COVID-19 virus that could lead to a hunger crisis unless the government acts as soon as possible.
The government has urge people not to move houses during the COVID-19 virus crisis. That led to the market entering a standstill.
Those who thought about spending their time in lockdown watching Disney Plus may want to think again as the COVID-19 virus put all production shoots on hold.
Article submitted by Chante, Structured, Edited And Corrected By Charles Watson