Britain will pay self-employed people 80% of average monthly profit

Britain will pay self-employed people 80% of average monthly profit

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak attends a news conference on the ongoing situation with the coronavirus disease (COVID-19) in London

LONDON (Reuters) – Britain’s finance minister Rishi Sunak said on Thursday that self-employed people will receive a taxable grant of 80% of their average monthly profits as part of the government’s coronavirus support package.

“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 3 years up to 2,500 pounds per month,” Sunak said at the government’s daily news conference.

“It will be open to anyone with trading profits up to 50,000 pounds,” he added.

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Source : Reuters Link

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