AROUND 450,000 self-employed workers face a "huge" cut to Universal Credit payments next month.
Instead, these workers have had their actual earnings, rather than assumed earnings, used to determine their benefit payments.MoneySavingExpert.com founder Martin Lewis hasMartin Lewis has encouraged people to call on their MPs to extend the government's coronavirus support for those on benefitsHe warned that without it self-employed workers could be hit by a "huge sinkhole".
Martin tweeted: "On November 13, there's a huge sinkhole awaiting many self-employed as @RishiSunak's Covid suspension of the"Ie, self-employed will be assumed to have earnings for UC calculation even if they don't. I'd suggest self-employed contact their MP asap. Please share."Around 450,000 self-employed workers are affected by the MIF, according to research published by the Institute for Fiscal Studies this month.
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