Self-employment Income Support Scheme

(asked on 17th December 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, on what date prior to his announcement in the House of Commons on 22 October 2020 he first became aware of the problems faced by self-employed people that resulted in the amending of the Job Support Scheme to provide support at the level of 40 per cent of prior trading profits.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 14th January 2021

The Government has provided, and will continue to provide, generous support to the self-employed during the COVID-19 pandemic through the Self-Employment Income Support Scheme (SEISS) The third grant, combined with up to £14,070 worth of support for each individual from the first and second grants, makes the SEISS one of the most generous schemes for the self-employed in the world.

The Government has adapted the generosity of the SEISS in line with the evolution of the virus. Following the announcement on 22 October that the third grant would cover 40 per cent of average monthly trading profits, the Government further increased the value of support to 55 per cent, and later – to 80 per cent of average trading profits for the period covering November to January, capped at £7,500 in total.

The Government’s policy responses are carefully designed to provide certainty and support to people and businesses across the UK to respond to the current public health restrictions. We continue to take a flexible approach and keep all impacts and policies under review.

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