Aaron Bell
Main Page: Aaron Bell (Conservative - Newcastle-under-Lyme)Department Debates - View all Aaron Bell's debates with the HM Treasury
(4 years, 7 months ago)
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Aaron Bell (Newcastle-under-Lyme) (Con) [V]
I thank the Chancellor for all the schemes that he has introduced so far. In particular, I welcome the extension of the job retention scheme today. I wonder whether he is willing to look at a couple of aspects of the other schemes. There are two schemes in particular that would benefit from the introduction of a taper as, currently, there are cliff edges in support for both business grants and the self-employed income support scheme. It means that, in the case of two people in broadly equivalent positions, one could be entitled to support and one not. Would he be willing at least to consider the idea of a taper with these schemes?
Rishi Sunak
Introducing new measures to the schemes at this point would not be possible or desirable because it would just delay their operation. The problem with tapers is that there is still always an end point at the other end of the taper. With regard to the self-employment scheme, this covers 95% of all those who are self-employed, which is pretty comprehensive coverage. The 5% who are not covered have an average income of £200,000. Of course, there will be hard cases just the other side, but, on average, this is a group with relatively high earnings.