The financial fallout for newly unemployed

Further to my above post, i should have included a link. Here it is

you.38degrees.org.uk/petitions/assistance-for-the-self-employed-1

Self-employed renters face a double whammy.

The proposed help for the self-employed is means tested and only £94pw - unlike for employed workers, who would receive 80% of their income and not means-tested. The self-employed are being treated very shabbily. An employed person on, say £25,000 would receive £20,000. A self-employed person would receive less that £5,000. Savings (possibly to pay the tax bill) and any other income will mean that many will get nothing.

It's not just the people who are in employment that are affected by the current crisis. The self employed more affected since the only measures taken by the government at the moment are to defer payment of VAT and the July SA tax until next year.

I have just started a campaign on 38 Degrees to try to change rules relating to the assessment of income tax for 2019/20 and 2020/21. I'd be grateful if you would read it if it pops into your inbox and, if you agree with it, sign the petition and forward it to your friends and family and anybody that you know who is self employed.

Sadly we have 104 deaths in the UK God Bless x. Scary.

The only ones who'll be doing a roaring trade are divorce lawyers, funeral directors and counsellors in MH illness.

The Chancellor has just confirmed that businesses in receipt of small business rate relief will receive a grant of £10k and businesses in receipt of the retail, leisure or hospitality discount will get a grant of £25k. Good news and hopefully an indicator that the government is aware of the need for a speedy response to the financial crisis that the coronavirus has precipitated.

If anyone needs to apply, or has a family member who needs to apply, for Universal Credit there is a helpful guide here: www.understandinguniversalcredit.gov.uk/helping-someone-claim/how-to-use-this-section/

gillybob I suspect that even those in the public sector will be affected eventually; it was the government's plan to 'streamline' public services anyway and with little coming into the coffers from taxes the government's measures may go further than they initially planned in order to 'save' money.

However, I agree with you. I think it's small businesses that will go to the wall first and even the government's temporary measures to help won't stop businesses that survive the virus from then being crippled by having to pay back the loans the government has just announced.

I think teachers and all of those in the public sector (with contracts) will be fine. It's those working in the private sector who will suffer as more and more small businesses go to the wall.

Funnily enough it is possible to talk about more things at once. So yes we must fight this virus with every weapon we can muster, and support each other every way we can.

We can also talk about how this crises has thrown up the glaring inequalities in our society which were always there, but are now feeding into the crises because of the need for the low paid to have a continuous income or be faced with a struggle to keep their heads above water.

We can also be critical about decisions being made on our behalf.

Throughout WW11 decisions were being made for a welfare state when the crises was over, in the recognition of the inequality in U.K. society at the time. It would be marvellous if we could do the same.

There is sick pay, or if actually unemployed then benefits while looking for another job.
Not all our DC have secure or well paid jobs GA on this forum, so do understand the worry.
It will be a hard time ahead for a lot of people in this country and in all other countries for the year ahead.
The hardest time of all is for those who become really ill with the virus, though.

I think the teachers will be fine - contracted teachers anyway as they are still working, just remotely. TA’s may be more impacted

I think they need to introduce a universal basic income for everyone for a period of a year to them be renewed

It’s the only way to stop people falling through the cracks