Self-employed: Coronavirus

(asked on 2nd November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of providing support for self-employed people comparable to the Coronavirus Job Retention Scheme during the November covid-19 lockdown.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 10th November 2020

In reaction to the resurgence of COVID-19 and following the extension of the Coronavirus Job Retention Scheme (CJRS), the Government has increased the level of support available to the self-employed through the Self-Employment Income Support Scheme (SEISS).

The overall level of the third SEISS grant has been increased to 80 per cent of average trading profits, meaning that the maximum grant available has now increased to £7,500. This provides equivalent support to the self-employed as is being provided to employees through the Government contribution in the CJRS.

The Government will also be paying out the grant more quickly by bringing forward the SEISS 3 claims window from 14 December to 30 November.

This will provide an estimated £7.3bn of support to the self-employed through November to January alone, with a further grant to follow covering February to April. This places the SEISS among the most generous schemes for the self-employed in the world.

The SEISS continues to be just one element of a comprehensive package of support for individuals and businesses. This package includes Bounce Back loans, tax deferrals, rental support,?increased levels of Universal Credit, mortgage holidays, and other business support grants.

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