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Coronavirus: Chancellor unveils grants to support self-employed

The chancellor Rishi Sunak has announced financial support for self-employed workers hit by a loss of income amid the coronavirus crisis.

Self-employed people will be able to apply for a taxable grant of up to £2,500 a month to help them cope with the loss of income, the chancellor announced this evening. It will cover 80% of their average monthly profits.

It is expected the scheme will cover three months initially and grants will be paid by June 1.

Sunak told the self-employed: “You have not been forgotten, you won’t be left behind. We stand together.”

The chancellor said it should apply to 95% of self-employed people who earn the most of their income from self-employment.

Staff being kept on by employers can have 80% of their salaries paid by the government, in a new support scheme announced last week.

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