The Federation for Small Businesses in Cheshire has welcomed the newly announced Government support package for self-employed during the COVID-19 crisis.<\/p>\n
Chancellor Rishi Sunak (pictured<\/em>) said 95% of self-employed in the UK would benefit from support which will them a taxable grant over three months, worth up to 80% of their income.<\/p>\n Yvette Hastings, FSB Area Leader for Cheshire, said: “This bold support package from the government will give much-needed help to vast numbers of self-employed workers, guaranteeing 80 per cent of income to those affected, with earnings of up to \u00a350,000.<\/p>\n “This is a time of national emergency, and it is very welcome that the Government has listened to FSB and responded with a multi-billion-pound package to support the most financially vulnerable entrepreneurs, and to do so through the self-assessment system.<\/p>\n “This follows help in the Budget and since, that was aimed squarely at small businesses such as a cut in the jobs tax, cover for small employers that cannot pay their employees, business rates holidays, cash grants, mortgage holidays, rent protections, and interest-free, fee-free loans.<\/p>\n “We hope the raft of support will keep as many small businesses as possible afloat.<\/p>\n “The self-employed, however, remained a glaring gap. They needed more help, and especially those with least resources to prepare for this storm.<\/p>\n “We have heard despairing stories from hard-working hairdressers, bakers, childcare providers, freelancers, drivers and many others, seeing the businesses they’ve spent years building dry up in a matter of days.<\/p>\n “It is many of those strivers who today’s package will support.<\/p>\n “The self-employed community underpins the UK economy. They are the individual risk-takers who don’t expect the same benefits as employees.<\/p>\n “In this moment of a collective national effort to overcome a global pandemic, today’s package is a significant, multi-billion-pound improvement on what was proposed last Friday.<\/p>\n “Many tax-paying self-employed who will be helped by today’s measures will be relieved. Although the deal is not perfect, the Government has moved a very long way today.<\/p>\n “This is an incredibly challenging situation for everyone. While the healthcare response is paramount, overcoming the economic disruption also requires a speedy response in the interests of jobs and future growth.<\/p>\n “Today’s announcement will give hope to many hard-working, self-employed entrepreneurs, and it is important that the scheme is ready on-time and delivered as soon as possible.<\/p>\n “As this will be run through self-assessment, it is vital that any late filers submit their 2018-2019 return, right now, or they risk missing out.”<\/p>\n","protected":false},"excerpt":{"rendered":" The Federation for Small Businesses in Cheshire has welcomed the newly announced Government support package for self-employed during the COVID-19 crisis.<\/p>\n","protected":false},"author":1,"featured_media":52634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7089],"tags":[7655,7656,7653,7652,7654],"class_list":["post-52631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-chancellor","tag-grant","tag-package","tag-self-assessment","tag-self-employed"],"acf":[],"yoast_head":"\n