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9/ For renters, I’m announcing today nearly £1bn of support by increasing the generosity of housing benefit and Universal Credit, so that the Local Housing Allowance will cover at least 30% of market rents in your area.
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10/ We want to look back on this time and remember how, in the face of a generation-defining moment, we undertook a collective national effort - and stood together.
It’s on all of us.
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The Government is doing its best to stand behind you – and I am asking you to do your best, to stand behind our workers.
Read my full speech on our plan for people’s jobs and incomes. gov.uk/government/spe…
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Following today’s announcement, new guidance for employees can be found here: gov.uk/government/pub… #COVID19
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I've updated my Twitter profile picture to encourage everyone to stay at home and protect our NHS.
You can help spread the word and download your own version here: dropbox.com/sh/yw986o9oy9u… #COVID19
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The Coronavirus Business Interruption Loan Scheme is now available for small or medium-sized businesses facing cash flow issues.
✅Get loans of up to £5m with 12 months interest free.
british-business-bank.co.uk/ourpartners/co…
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We've launched a new website that helps businesses find out how to access the support that has been made available, who is eligible, when the schemes open and how to apply👇 #COVID19
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We understand the situation many self-employed people face at the moment and are determined to find a way to support them.
I will be making a further announcement on this in the coming days. #coronavirus
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We’ve already announced several measures to help UK businesses and employees during #coronavirus.
To get all the latest information head here: businesssupport.gov.uk/coronavirus-bu…
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I'm removing some of the exclusions for business rates relief so that retail, leisure, and hospitality properties that have closed as a result of the Covid-19 restriction measures will now be eligible. gov.uk/government/new… #coronavirus
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1/ I’m proud of what we’ve done so far, but I know that many self-employed people are deeply anxious about the support available for them.
So to support those who work for themselves, today I am announcing a new Self-Employed Income Support Scheme.
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2/ The government will pay self-employed people, who have been adversely affected by the coronavirus, a taxable grant worth 80% of their average monthly profits over the last 3 years, up to £2,500 per month.
Open for at least 3 months across the UK, I will extend if necessary.
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3/ You’ll be able to claim these grants and continue to do business.
We’re covering the same amount of income as we are for furloughed employees, who also get a grant worth 80%. That’s unlike almost any other country, making our scheme one of the most generous in the world.
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6/ To make sure no one who needs it misses out on support, we have decided to allow anyone who missed the filing deadline in January, four weeks from today to submit their tax return.
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4/ I’ve taken steps to make the scheme deliverable, and fair.
It’s only open to those with trading profits up to £50,000, who make a majority of their income from self-employment. To minimise fraud only those already in self-employment, who have a tax return for 2019 can apply.
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5/ 95% of people who are majority self-employed will benefit from this scheme.
HMRC are working urgently, we expect people to access it no later than the beginning of June. If eligible, HMRC will contact you with an online form, they pay the grant straight to your bank account.
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8/ The scheme I have announced today is fair. It is targeted at those who need it the most and crucially, it is deliverable.
It provides an unprecedented level of support for self-employed people.
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7/ I know self-employed people are struggling right now, we’ve made sure:
- You can access the business interruption loans.
- Income tax payments due in July can be deferred to the end of Jan 2021.
- We’ve changed the welfare system so you can access Universal Credit in full.
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You have not been forgotten. We will not leave you behind. We are all in this together.
Information on all our business support schemes: businesssupport.gov.uk/coronavirus-bu…
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Thank you. #clapforourcarers #clapforNHS
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Further details of the Coronavirus Job Retention Scheme:
✅You'll be permitted to volunteer without risking pay
↩️If made redundant after Feb 28th you can be reemployed and furloughed
📒Government will cover the employer N.I & pension contributions.
gov.uk/government/new…
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We’ve published detailed guidance on furloughing and the Coronavirus Job Retention Scheme.
For employers: gov.uk/guidance/claim…
For employees: gov.uk/guidance/check…
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).