Under the new proposals, self-employed workers will be entitled to 80% of their monthly net earnings averages over the last three years, or £2,500.
Sunak said: ’The government will pay self-employed people have been adversely affected by the coronavirus a taxable grant worth 80% of their average monthly profit over the last three years, up to £2,500.’
Workers will be able to access the scheme no later than the end of June.
Earlier this week Sunak said finding a solution to help the self-employed was ‘incredibly complicated’, after the government faced a wave of criticism over a failure to offer support self-employed workers following the announcement that it would backstop private sector wages late last week.
The package is someway of the measures proposed in an amendment to the Coronavirus Bill on Tuesday, which would have entitled self-employed workers up to 80% of their monthly net earnings averages over the last three years, or £2,917, whichever is lower.