Chancellor promises to pay self-employed 80% of average monthly profits

Speaking at the daily coronavirus-update meeting on Thursday (26 March), Sunak unveiled plans to help support the self-employed by implementing a new income-support scheme. Those who are eligible will be able to claim support worth 80% of their average monthly profits, worth up to a maximum of £2,500 per month and is open to anyone with trading profits of up to £50,000. "The government will pay self-employed people who have been adversely affected by the coronavirus a taxable grant worth 80% of their average monthly profits over the last three years," he said. The scheme, which wil...