Assistance for the self-employed
Money Box
BBC
4.2 • 825 Ratings
🗓️ 28 March 2020
⏱️ 33 minutes
🧾️ Download transcript
Summary
This week the Chancellor Rishi Sunak announced the Government’s much anticipated help package for the self employed. Only about two thirds of an estimated 6m workforce will gain anything, leaving over a million people without help. We look at the package in more detail, including the changes to benefits and hear top tips for getting paid in a timely manner.
And the banks were quick to promise support for customers in need but are they actually delivering? Money Box listeners tell us their experiences.
Presenter Felicity Hannah Reporter: Ben Carter Researcher: Darin Graham Producer: Alex Lewis Editor: Emma Rippon
Transcript
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| 0:41.2 | BBC Sounds, music, radio, podcasts. |
| 0:45.2 | Welcome to the download of Moneybox, the program about your money. |
| 0:51.2 | Coming up, we'll be hearing from one insider who says that the bank they work for is not treating customers fairly. |
| 0:55.3 | But first, how much help is really out there for the self-employed? |
| 1:01.0 | This week, the Chancellor made a historic announcement about help for millions of self-employed people. |
| 1:05.3 | He said they could apply for a grant worth 80% of their income for three months, |
| 1:10.0 | capped at £2,000 a month. But even before he'd stopped talking, |
| 1:11.6 | listeners were emailing Moneybox with questions. And here to answer some of those questions is Emma Jones, founder of Enterprise |
| 1:16.2 | Nation, which provides support to small businesses. Emma, hello. Hello, Felicity. So first, |
| 1:21.6 | in a nutshell, how do people claim this money? Well, Felicity, people may be slightly frustrated |
| 1:26.9 | by this because actually you don't |
| 1:28.9 | apply for it. It's a case of HMRC letting you know if you're eligible. So as you mentioned, |
| 1:35.8 | the Chancellor's statement earlier this week, the eligibility criteria for the self-employment support |
| 1:40.9 | is that you have to have been self-employed for more than a year and earning less |
| 1:45.0 | than 50,000 in profits. But it is a case of HMRC will let you know between now and June. I appreciate |
... |
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