SEISS announcement ‘woefully inadequate’, says IPSE

(2 minutes to read)

IPSE: ‘Although it is right for the Chancellor to extend SEISS, the support announced today still excludes one in three self-employed people’.

The government has made the announcement that it will be extending the Self-Employment Income Support Scheme, but at just 20% of earnings.

Although this extension has been welcomed by the Association of Independent Professionals and the Self-Employed (IPSE), it believes that this is ‘woefully inadequate’, especially due to the fact that it still excludes certain types of contractors, such as the newly self-employed and limited company directors.

Andy Chamberlain, Director of Policy at IPSE, said, “The support for the self-employed announced today is woefully inadequate. Although it is right for the Chancellor to extend SEISS, the support announced today still excludes one in three self-employed people.”

Considering becoming an employee of Contractor Umbrella?

Give us a call on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.

Email Jaime

He added, “Limited company freelancers and the newly self-employed almost entirely missed out on support in the last lockdown and have faced bleak months of financial devastation. Now they face a dark winter ahead unless the government does more for them.

“Based on the drastic financial hit self-employed people took in the last lockdown, the new 20 per cent cap on support is likely to be nowhere near enough. As well as plugging the gaping gaps in support, government must follow the situation closely and be ready to raise the amount of support SEISS offers if needed.

“The self-employed sector has already seen a record drop in the first half of 2020 because of the unnecessarily large gaps in government support. The self-employed are vital for the economy and will be essential for economic recovery, but to play their part, they must get the support they need now. Government must do better for them.”

To find out more about contracting please contact Amelia on 01206 591 000 or email amelia.bowlez@contractorumbrella.com.

You may also like to read

Government makes SEISS more flexible for parents

Self-employed parents whose trading profits dipped in 2018/19 because they took time out to have children, will be able to ...

Read More

Government extends Self-Employment Income Support Scheme

The government has extended the Self-Employment Income Support Scheme (SEISS) meaning that in August those eligible will be able to ...

Read More

Chancellor’s speech raises concerns of a ‘cliff-edge’ situation for self-employed

The Association of Independent Professionals and the Self-Employed (IPSE) has welcomed measures to boost the economy in the Chancellor’s speech, ...

Read More

Still thinking about if you should join Dolan Accountancy?

Give us a call on 01206 591 000 or email amelia.bowlzer@contractorumbrella.com

BLACK FRIDAY DEAL

One week margin free when you sign up with Contractor Umbrella today!
Hurry - Deal ends at midnight tonight.
CLAIM NOW
      Terms and Conditions: 
1 week margin free or £25 reduction on monthly margin. Online registration form must be completed by midnight 6th December 2019. Payment must be processed and margin redeemed by 31st December 2019.
      
close-link
New Year Offer

Get set up in just a few hours with Contractor Umbrella!

Register with Contractor Umbrella before 31st January 2022 and our margin, if invoicing weekly will be discounted to £18 and £60 if invoicing monthly. Complete our sign up form online in just a few minutes- please mention ‘New Year Offer’ on the ‘How did you hear about us’ box.
close-link

dav1