Self-employed Persons: Financial Support

Nusrat Ghani Excerpts

Tuesday 24th March 2020 Commons Chamber

[Steve Barclay]

I hear what the hon. Gentleman says about backdating. The Treasury has brought forward a range of measures, and one of the challenges to date has been that it is not always understood what has been announced and what is already available. I draw attention to the fact that we are deferring income tax self-assessments, which will not need to be paid until January; we are supporting people through the welfare system with the measures that I announced earlier, including on contributory ESA; we are increasing universal credit and working tax credit by £1,000; we are suspending the minimum income floor for 12 months; we are increasing a three-month mortgage holiday for those in difficulty; the self-employed will be eligible to receive support with their tax affairs through time to pay; the business interruption loan scheme will be available for some self-employed individuals, up to the £5 million limit; and we have delayed IR35. Members of the House can assist our small business community, and particularly the self-employed, by drawing attention to the measures that have been announced. We in Government also stand ready to do that through a comms campaign.

[Ms Nusrat Ghani (Wealden) (Con)]

I know that my right hon. Friend is working night and day to help businesses, and to help people stay in work. I am incredibly grateful for all the support he has given me as I respond to the self-employed in Wealden. The decision to take out a loan is proving to be quite an anxious one for the self-employed, if that is the only thing on the table. I will read out an email from Anna, a self-employed wedding photographer who has had to give up work, and who is going to try to find work elsewhere:

“I am loath to take any…loans offered, as there is no guarantee that future work will be able to take place because we have no idea how long this pandemic will last.”

I ask my right hon. Friend to take into account Anna’s dilemma before making any announcement concerning the self-employed.

[Steve Barclay]

My hon. Friend is right to draw attention to the pressure

and decisions that Anna and so many self-employed people are facing at this time. I draw attention to the fact that the loans are interest-free for 12 months. One of the key themes we are very conscious of is that it is a health emergency that is impacting on our economy. These were viable businesses before that health emergency arose, and they will be viable businesses after we have overcome it. The question is, how do we bridge the gap? How do we support Anna and others through this period? The interest-free loans are not the only measure; I have just drawn the House’s attention to other measures that are available, and I urge Anna and others to take advantage of them.