Banner Default Image
23c791a2
Back-to-blogs

Day 11: Key points from today's conference

Posted on March 2020 By James Southwell

Blog Img

Tonight was heavily focused on self employment and the general public's economic secruity, presented by Chancellor Rishi Sunak, and joined by Deputy Chief Medical Officer, Dr Jenny Harries.

A nationwide clap of appreciation for the NHS staff out there will take place 20:00GMT tonight, organised by Clap for our Carers. For those of you working and are unable to clap, we are grateful for your services in these difficult and desperate times.

Key points to take away from today's speech are:

  • Rishi says those who are self employed will be able to claim up to 80% of their monthly wages on the government, calculated by using one's average monthly profits from the last three financial years.

  • This self employed support scheme will be capped at £2,500 per month, and will only be accessible if you're already self employed with a self-assessment tax return from 2019.

  • It applies to those with trading profits of up to £50,000 a year.

  • The Chancellor has high hopes that this will benefit '95% of those who are majority self employed' and that the scheme should be available "no later than June."

The overall amount of cases in the UK has now risen to 9,849, with that being 320 new cases since yesterday.
Total number of deaths is now at 477.

To read a brief summary of last night's points and important measures click here.

Here's the full conference, courtesy of HuffPost UK: