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.”
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.”
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