Filed under Press releaseThursday, 26 March 2020
The Chancellor has announced an Income Support Scheme to help self-employed people during the Coronavirus outbreak. The support will take the form of a tax free grant worth 80% of their average monthly profits over the last three years.
Chief Executive of the Recruitment & Employment Confederation Neil Carberry said:
“This is a cashflow crisis. The support initiatives are the big action businesses and self-employed people need. But to really work effectively and protect jobs, cash needs to come in quickly and be easy to access. The Chancellor should now turn his attention to ensuring supported loans are quickly available, businesses receive furlough cash quickly and the self-employed scheme can pay out before June. We will be working to make sure that this package supports the UK’s full flexible jobs market, including one million temporary agency and contract workers.”