With many businesses grinding to a halt, it is the self-employed and freelancers who may be among the worst hit financially.
Their access to protections such as sick pay and redundancy pay are virtually non-existent, although the government is making it easier for the self-employed to access benefits during the crisis. Better-off self-employed workers are also more likely to have purchased income protection insurance contracts which may now pay out.
What rights do I lose because I’m self-employed?
It’s a long list. If you are self-employed you do not have a right to statutory sick pay, statutory redundancy pay or the national minimum or living wage. To state the obvious, a self-employed person does not have a contract of employment with an employer and has to decide for themselves things like when to take holidays, how much to charge clients, when to take breaks and so on.
The chancellor, Rishi Sunak, has announced the government will pay the wages of British workers to keep them in jobs as the coronavirus outbreak escalates.
In an unprecedented step, Sunak said the state would pay grants covering up to 80% of the salary of workers kept on by companies, up to a total of £2,500 per month, just above the median income.
Coming just days after announcing a £350bn bailout package of loans and government grants to help businesses cope with the lockdown of large parts of the economy, the chancellor said his plan was one of the most comprehensive in the world and “unprecedented in British history”.
“We are starting a great national effort to protect jobs,” he said. “It’s on all of us.”
Sunak said there would be no limit on the funding available to pay people’s wages.
The government is also deferring the next quarter of VAT
Fox Business Network plans to trim two more hours of its daily programming schedule, the latest move by news organizations amid an intense cycle related to the coronavirus outbreak, reports Brian Steinberg of Variety.
Steinberg reports, “The Fox Corporation-owned outlet will temporarily cease production of two programs – ‘FBN am’ at 5 a.m. and ‘Bulls & Bears’ at 5 p.m. – while moving one of its highest-rated shows, ‘Lou Dobbs Tonight’ to the 5 p.m. hour. A repeat of Dobbs’ daily show will air instead at 7 p.m. The interim Fox Business schedule will run from 6 a.m. to 7 p.m. Fox Business previously suspended two primetime shows, ‘Trish Regan Primetime’ and ‘Kennedy,’ citing a desire to emphasize coverage of the current news cycle.
“‘While FBN will remain committed to delivering up to the minute breaking business news and analysis, our first priority is the health and safety of our