Left Menu
Development News Edition

FACTBOX-How do Britain's grants for the self-employed work?


FACTBOX-How do Britain's grants for the self-employed work?

British finance minister Rishi Sunak announced a system of grants to support self-employed people who are losing income because of the coronavirus. Here's how the grants will work.

HOW MUCH DO YOU GET? Self-employed people will be eligible to taxable grants of 80% of their average monthly profits over the last three years, up to 2,500 pounds per month.

WHO IS ELIGIBLE? Anyone who gets the majority of their income from self-employment with trading profits of up to 50,000 pounds is eligible. Sunak said that 95% of people who are majority self-employed will benefit from the scheme.

WHEN WILL THE MONEY BE AVAILABLE? The grants will be paid in June and cover the months of March, April and May.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION / BLOG / INTERVIEW

Coronavirus lockdowns to speed up long-pending revamping of supply chains

With millions of production lines impacted, business disruptions to some extent are unavoidable and the lessons learned from this turbulence will leave an everlasting impact on both global and local levels of supply chains....

COVID 19 to catalyze the redefinition of urban planning and sustainability

Until now the urban planning was focused on mitigation to natural disastrous, climate change, pollution, chronic illness and lifestyle diseases. However, the global pandemic of novel coronavirus is going to change the whole narrative of urb...

Ebola to COVID 19: Has Geopolitics prevailed over Professionalism in WHO

World Health Organization WHO is perceived as one of the most professional bodies of the United Nations. However, the role of WHO has come under question in handling outbreak two deadly diseases Ebola Viral Disease EVD and novel Coronaviru...

Trade War, COVID 19 and Beyond: How Pandemic is defining a New World Order

While we are confined in our homes, the world is changing faster than ever. Geopolitics in the time pandemic is defining a new world order. The transformation is happening in almost all the walks of life but the million-dollar question is ...

Videos

Latest News

COVID-19 : Delhi Police sets up 24*7 helpline

The Delhi Police on Saturday started 24-hour helpline number---011-23469526-- to resolve issues related to lockdown due to coronavirus. A total of 3796 calls were received on the helpline so far, informed Delhi Police.Earlier today, Delhi P...

FACTBOX-Latest on the spread of the coronavirus around the world

President Donald Trump signed into law a 2.2 trillion aid package to help the United States cope with the economic downturn inflicted by the coronavirus pandemic. The Chinese city of Wuhan, where the coronavirus outbreak first emerged, bega...

Delhi govt converts schools into night shelters to accommodate stranded migrant labourers

The Delhi government has started converting schools in the Ghazipur area into night shelters to accommodate stranded migrant workers amid the lockdown imposed across the country to contain the spread of COVID-19, Deputy Chief Minister Manis...

Several medical schools in US considering early graduation for senior students to combat COVID-19

As the number of coronavirus cases in the country continues to surge, medical schools across the US are considering early graduation for senior medical students in a bid to meet the increasing demand for healthcare providers. The number of ...

Give Feedback