‘On 26 March 2020 the Chancellor of the Exchequer announced a package of support for Britain’s self-employed workers to help them through the COVID-19 crisis. It became immediately clear that higher earners making profits above £50,000 would lose out. The Chancellor, however, highlighted that it would benefit 95% of people who receive the majority of their income from self-employment and that it was “reasonable, proportionate and fair” to exclude those higher earners. The Treasury estimated that this approximately 3.8 million people would benefit.’
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Thomas More Chambers, 29th April 2020
Source: www.thomasmore.co.uk