Taiwo Owatemi
Main Page: Taiwo Owatemi (Labour - Coventry North West)Department Debates - View all Taiwo Owatemi's debates with the HM Treasury
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Taiwo Owatemi Excerpts(4 years, 1 month ago)
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John Lamont (Berwickshire, Roxburgh and Selkirk) (Con)
What steps his Department is taking to support self-employed people affected by the covid-19 outbreak. [907785]
Taiwo Owatemi (Coventry North West) (Lab)
What assessment he has made of the adequacy of the extension of the self-employment income support scheme. [907788]
The Financial Secretary to the Treasury (Jesse Norman)
The Government have taken unprecedented steps to support the self-employed, as the House will be aware. So far, the Government have paid out £13.4 billion of support through the self-employment income support scheme.
Jesse Norman
We are unable to predict the exact take-up of the SEISS grant extension across the United Kingdom, but the latest statistics on the second grant demonstrate that self-employed people in Scotland are continuing to receive unprecedented levels of support under the scheme. As of 20 September, 64% of assessed individuals were found to be eligible in Scotland, with 126,000 claims being made, amounting to £318 million of Government support.
Taiwo Owatemi
My constituent Rebecca launched a new business, Purdy’s Pet Shop, in Coventry North West just before the lockdown. Rebecca was told that she was ineligible for the self-employment income support scheme and faced a frustrating few weeks until she was eventually granted a coronavirus business interruption loan. That is just one business among many that fell through the gaping holes of the first self-employment income support scheme. Now it, and many other businesses in my constituency, will also fall through the gaps in the new extension.
Constituents have contacted me about how anxious they feel about how they will survive now that support has dropped to just 70%. Can the Minister tell me how adequate he believes the extension of the self-employment income support scheme is? What will he do to support my constituents who are falling through the gaps of the current scheme and are worried about the reduced financial support it offers?
Jesse Norman
I salute the hon. Lady’s constituent for setting up a new business and for showing the entrepreneurship and aspiration that characterise British business at its best. As she will be aware, we are engaged in the process of supporting vulnerable businesses and people. In the self-employment area, we are doing that through the extension to the job support scheme. She will know that that forms just one element of a much wider picture, including the loans that she has described, tax deferrals, rental support and increased levels of universal credit.