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

By: - March 26, 2020
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
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, Britain March 17, 2020. Matt Dunham/Pool via REUTERS/File Photo

March 26, 2020

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.

(Reporting by Elizabeth Howcroft; editing by Stephen Addison)



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