UK announces emergency measures to help self-employed as coronavirus bites
The UK Chancellor has announced sweeping and expensive new measures to assist the self-employed weather the economic impact of the pandemic. Rishi Sunak said that the government would pay self-employed people a taxable grant of 80% of their average monthly profits over the last three years. Facing the prospect of mass lay-offs because of the economic standstill caused by the virus, the U.K. government will increase its debt and rescue the economy with a package worth 15% of the GDP or GBP 330 billion. While London has the ability to raise such huge sums many developing countries will struggle. The development of Deriveum can be a great assistance to those economies.
For more details on the UK announcement, please check the link below
