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Not Just Travel: Relief for self-employed goes only so far

Opinion
Steve Witt
27 March 2020

Yesterday’s announcement by chancellor Rishi Sunak, outlining the rescue package for 95% of the UK’s self-employed, comes as welcome news for the travel industry’s thousands of homeworkers. 

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As self-employed business owners, homeworkers will be breathing a sigh of relief that they have been rightfully acknowledged.

Over the next few days, no doubt the finer details will become clearer and I hope that any cracks in the legislation will soon become apparent and will be addressed. 

Of course, it’s not completely black and white. Those with profits of more than £50,000 look, at present, to be the losers. Books showing £51,000 profit will slip through the net, but then they should be able to tap into the VAT breaks and business interruption loans. 

Without a doubt there’s a rocky road ahead for many.