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'Minimum Income floor' for the Self-Employed-In plain English please!

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I am confused about what this 'Minimum Income Floor' means, can someone please explain it plain English?
Does it mean that as a Self-Employed sole-trader, i'll be expected to earn at least minimum wage?

I dont think quite understand why there has been so much interest in it. Surely as a SE person, you'll be earning more/equal to NMW anyway?

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