Self-employed grant extended
Money Box
BBC
4.2 • 825 Ratings
🗓️ 30 May 2020
⏱️ 26 minutes
🧾️ Download transcript
Summary
Over 2 million people have received a grant from the government’s self-employment income support scheme. This week Chancellor Rishi Sunak announced that it will be extended to pay out another lump sum worth 70% of average monthly trading profits, capped at £6,570. Guest: Andy Chamberlain, Director of Policy for the Association of Independent Professionals and the Self-Employed.
It's been more than a month since a ban on using credit cards as a source of funds for gambling came into force. Reporter Dan Whitworth unearths a major loophole in those rules. Guest: Carolyn Harris MP and Chair of the all-party parliamentary group on gambling related harm.
University students applying for maintenance loans who have experienced household loss of income of 15 percent or more, due to coronavirus, could be eligible for a higher amount. Guest: Tom Allingham from Save the Student
Presenter Paul Lewis Reporter Dan Whitworth Producer Charmaine Cozier Editor Richard Vadon
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? When lies are still being told to this day, |
| 0:24.0 | who do you believe? I wouldn't even know where to start and I'm with the IRA. |
| 0:28.6 | Steakknife. Listen first on BBC Sounds. BBC Sounds, music, radio podcasts. |
| 0:37.6 | Hello, I'm Paul Lewis and welcome to this Moneybox podcast. |
| 0:41.5 | Moneybox reveals a loophole in the recent ban on using a credit card to gamble online, |
| 0:46.1 | which is already available through some gambling websites. |
| 0:49.6 | And students may be able to get higher maintenance loans if their parents' household income has fallen. |
| 0:55.4 | But first, hello, today Moneybox reveals a loophole in the recent ban on using a credit card to gamble online. |
| 1:03.0 | It's already available through some gambling websites. |
| 1:05.8 | And students may be able to get higher maintenance loans if their parents' household income has fallen. |
| 1:12.6 | But we start with the scheme to give grants to some self-employed people. |
| 1:16.6 | It's to be extended for another three months. |
| 1:19.6 | The payment will be lower, and there is no change in the qualifying conditions which exclude millions, |
| 1:24.6 | including those who've recently started their self-employment or who have too |
| 1:28.8 | much other income. At the moment, the self-employment income scheme pays up to 80% of three-months average |
| 1:35.7 | profits in a lump sum capped at £7,500. The average payment, though, is around £3,000. It covers |
| 1:43.3 | some of the profits lost during March, April and May. The second payment, though, is around £3,000. It covers some of the profits lost during March, April and May. |
| 1:46.6 | The second payment, which was announced last night, will cover the next three months, |
| 1:50.9 | but will be lower, with a lower cap. |
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