Coronavirus: UK offers self-employed 80% of earnings

Those earning £50,000 or less must wait until June to receive up to £2,500 a month

• Coronavirus – latest UK updates
• See all our coronavirus coverage

Self-employed people must wait until June to get 80% of their earnings covered by the state, up to a maximum of £2,500 a month for three months, in response to the coronavirus crisis.

The chancellor, Rishi Sunak, said the plan would be backdated to March and cover those earning up to £50,000, or 95% of the self-employed. It was “one of the most generous schemes anywhere in the world” and ended weeks of uncertainty for those who work for themselves, he said. Payments are set to be made to up to 3.8 million people.

Continue reading…