Chancellor Rishi Sunak announces measure to help self-employed during coronavirus shutdown

The video discusses a support scheme for self-employed individuals, offering income support similar to that for furloughed employees. It highlights the scheme's generosity compared to other countries and addresses the challenges in providing fair support to a diverse self-employed population. Eligibility criteria are outlined to ensure targeted support and minimize fraud, including a cap on trading profits and requirements for tax returns.

What percentage of income support is provided to self-employed individuals under the scheme?

• 60%

• 80%

• 50%

• 70%

Why is it challenging to provide support to self-employed individuals?

• They have fixed incomes.

• They do not pay taxes.

• They are a diverse group with varying profits.

• They are not eligible for any grants.

What is the maximum trading profit allowed for eligibility in the scheme?

• £60,000

• £50,000

• £40,000

• £30,000

Who can apply for the scheme?

• Employees of large corporations

• Only those with a tax return for 2019

• Anyone with a business idea

• New self-employed individuals

What is a key measure to prevent fraud in the scheme?

• No specific measures

• Requiring a tax return for 2019

• Providing support to all applicants

• Allowing only new businesses to apply