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Self employed avoid big cut to universal credit after return of the minimum income floor delayed until april 3 november 2020 the suspension of the minimum income floor for universal credit will be extended until the end of april the government announced today in a move which means many self employed people wont now face huge drops in.
Government anarchy. In addition the self employed grant is extended and applications can be made in august 2020 for a second and final but tapered grant paying 70 of average earnings up to 6750. With the furlough scheme ending in october many self employed workers are worried about the futures of their businesses. This includes significant support for the self employed and immediate steps to give businesses access to cash to pay its rent salaries or.
The furlough scheme will be replaced with the less generous job support scheme on november 1 and will cover employees doing 20 of their usual work who will receive at least 73 of their usual pay. Applications for the first grant can be made up to 13 july 2020. Meanwhile the self employed will get a grant worth 80 of past profits but only for the month of november.
When the furlough scheme was first announced employees had to be on a firms paye payroll on 28 february 2020 in order to qualify but the government extended that cut off date to 19 march 2020 earlier this week.
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