Budget welcomed by many self-employed, but sector still needs more support

(3 minutes to read)

IPSE: ‘Overall, this Budget presents a hopeful vision for many freelancers – in the midst of dark times. We urge the Chancellor and government, however, not to forget still excluded groups.’

With the Budget offering continued support for the self-employed during the pandemic, there are still concerns that some people within the sector are being excluded.

The Association of Independent Professionals and the Self-Employed (IPSE) has responded to the Chancellor’s Budget:

Derek Cribb, CEO of IPSE, said, “After the severe and disproportionate financial impact of the pandemic on the self-employed sector, this Budget contains much that will be welcome to struggling UK freelancers. We thank the Chancellor for listening to our calls for more support for new self-employed people and extending SEISS in-line with employee support. We are also grateful the Chancellor listened to our calls for a small profits rate of Corporation Tax, although we believe the threshold is too low.

“Overall, this Budget presents a hopeful vision for many freelancers – in the midst of dark times. We urge the Chancellor and government, however, not to forget still excluded groups such as limited company directors and look at new ways to support all parts of the self-employed sector.”

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Commenting on the SEISS being extended to September, Derek said, “It is very welcome the government has announced it will launch a fifth round of the Self-Employment Income Support Scheme. It is fair and right for self-employed support to match that available for employees – and to extend until September 2021.”

On the news that support is finally being given to the newly self-employed, he added, “After almost a year, this support will be a tremendous relief to hundreds of thousands of self-employed people who could not access SEISS because they had not yet filed a full tax return. We are delighted that the government has heeded our calls to get support to this struggling group. While this support is welcome, however, we also urge the Chancellor to look again at groups such as limited company directors, who are still excluded from SEISS.”

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