The UK Government has announced measures to help self-employed people affected by business closures due to coronavirus.
Chancellor Rishi Sunak announced that self-employed people facing financial difficulties will be able to have 80% of their monthly wages covered by the government.
The money paid will be calculated using average monthly profits over last three financial years, he said today.
The support will be capped at £2,500 per month, and will initially last three months.
He said he hoped the scheme “will be up and running by the beginning of June, if not earlier”.
More to follow.