Sky news main headline this morning confirming the package will be announced later today. I wouldn’t be getting our hopes up though, there’s some very worrying quotes in the article.
“A coronavirus bail-out for the self-employed is being unveiled by the chancellor after pressure from MPs, but handouts could go to only one in three of the five million who work for themselves.
But while he will promise to match the 80% of earnings he promised staff employees last Friday, the monthly cap is likely to be lower than the £2,500 in that coronavirus scheme because many self-employed pay less tax.
And it is likely only about 1.7 million, a third of the UK's self-employed, will qualify, with those who have separate earnings as company employees and those on Universal Credit - already promised help - excluded.“
That’s the first hint that people that trade as LTD companies and get paid by way of dividends will be excluded.