Potential good news for self-employed people. Introduction of Statutory self-employment pay
1). The Secretary of State must, by regulations, introduce a scheme of Statutory Self-Employed Pay.
2). The scheme must make provision for payments to be made out of public funds to individuals who are:
· Self-employed, OR
3). The payments to be made in subsection (2) are to be set so that the net monthly earnings of an individual specified in subsection (2) do not fall below—
· 80% of their monthly net earnings, averaged over the last three years, OR
whichever is lower.
4). No payment to be made under subsection (2) shall exceed £2,917 per month.
5). A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of either House of Parliament.