Chancellor Rishi Sunak is expected to announce that the taxpayer will pay self-employed workers up to 80% of their recent earnings to help contain the economic impact of the coronavirus, as 470,000 claims for extra benefits sparked warnings of an "unemployment crisis".
Sunak is under increasing pressure to do more for the UK's 5 million self-employed workers after announcing an unprecedented job retention scheme for employees last Friday, which see thousands paid to stay home …
The details of the support package were still being finalized last night, but sources with knowledge of the plan suggested that it would echo the promise to cover 80% of Sunak's recent earnings for employees last week.
However, it could be subject to a limit of less than £ 2,500 in monthly pre-tax income available under this scheme – because self-employed workers tend to pay less tax. Some groups, including those that already claim universal credit, could be excluded.