In coronavirus shutdown, Britain will pay self-employed people 80% of average monthly profit
by Xeni Jardin from on (#51A2X)
Wouldn't it be amazing if the United States did this?
Britain's finance minister Rishi Sunak said Thursday all self-employed citizens will receive a taxable grant of 80% of their average monthly profits as part of the government's coronavirus response plan.
From Reuters:
"The government will pay self-employed people who have been adversely affected by the coronavirus a taxable grant worth 80% of their average monthly profits over the last 3 years up to 2,500 pounds per month," Sunak said at the government's daily news conference.
"It will be open to anyone with trading profits up to 50,000 pounds," he added.