By Daniel Barnett, Barrister
The House of Commons Public Bill Committee has proposed an amendment to the Coronavirus Bill, entitled Statutory Self-Employment Pay.
If accepted (and I think it will be), it compels the government to introduce Regulations providing that "freelancers" (undefined) and "self-employed people" should receive guaranteed earnings of:
(a) 80% of their monthly net earnings, averaged over the last three years; or,
(b) £2,917 per month
whichever is the lower.
The purpose of this amendment is to make the Government ‘top up’ self-employed workers’ earnings to the lower of 80% of their net monthly earnings or £2,917 a month.
Update on help for self-employed (HM Treasury, 26 March 2020)