I think margins are so tight for a lot of small businesses so they don’t always have 3 months spare incomeEVERYONE, self employed or not should have 3 months worth of savings available in case of an emergency, to cover bills and normal living costs. The amount of people saying they already have no money left to feed their family, pay rent etc after just one month has really surprised me.
We are ALL going to be paying a lot more tax for a long time once this is over, that's for sure. Not just the self employed.
I tell you who this is gonna to backfire for. Tradesmen who take payments off the books and don’t declare it as they will now get a lot less in this payout