RISHI Sunak will reveal extra help for 600,000 self employed people with grants of up to £7,500 and furlough is to be extended until September in his Budget statement today.
The Chancellor will reveal that hundreds of thousands of self-employed Brits, many of whom became self-employed in 2019-20, can now claim direct cash grants under the Self-Employment Income Support Scheme.
Previously they could only claim if they had filled in a recent tax return, which meant millions were shut out.
The Treasury has confirmed it will give a fourth grant of up to £7,500 to the self-employed. And a fifth one will come over the summer – in line with the furlough extension.
The Chancellor is also set to extend the stamp duty holiday as house prices rocketed 6.9 per cent year-on-year last month to a record high of £231,061 last month, new data shows.
A £20 a week Universal Credit uplift in payments has also been extended for another six months for low income households.
The Budget is due to take place at around 12.30pm today, with Rishi Sunak making his speech immediately after Prime Minster’s Questions ends in the House of Commons.
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