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Coronavirus: Self-employed to receive a grant of 80% of average profits

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The Chancellor Rishi Sunak has announced new help for the self-employed.

The government will pay self-employed a grant of 80% of their average monthly profits of the last 3 years, up to a maximum of £2,500.

The scheme would be available for at least 3 months.

To prevent fraud applicant must have a tax return for 2019 to apply and it is open to anyone with trading profit of up to £50,000.

For anyone who is still late filing, the chancellor said they would have four weeks from today to do so.

However, he also said that monies were unlikley to come through for the grant till the start of June as it would take that long to set up the scheme.

When question how self-employed were expected to survive between now and June he said:

“We’ve looked very hard at the quickest possible way to deliver this. They will get three months in one go in June though. This is the best tradeoff we can do.”

For those that dont’ have three years accounts the chancellor said they would look at what accounts were available, but when questioned over people who had not even completed their first years accounts (new businesses), he said ‘we say to them please look at the extra support in the welfare system at this time‘ which he added to saying there was really nothing else they could do to help them.

Coronavirus

Crawley hairdressers, hotels, pubs and restaurants to reopen from 4th July as lockdown is eased

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The Prime Minister has made an announcement in the House Of Commons this afternoon where he announced further easing of the lockdown restrictions.

These included reducing the social distance rule of 2 metres to 1 metre.

In a move that will help and be appreciated by most people, hairdressers will also be allowed to reopen provided visors are worn.

From July 4th, two households of any size can meet both indoors and outside provided social distance rules are followed.

Pubs, restaurants, hotels, holiday house and campsites can also open from the 4th July.

Schools are also to be reopened from September with all children to return as normal.

But several sectors are still not allowed to open and include, indoor gyms, nightclubs, theatres and swimming pools to remain closed for the time being.

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