Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Self-Employment Income Support Scheme, what assessment he has made of the effect on people solely in receipt of the state pension of the 50 per cent of income from self-employment threshold.
The new Self-Employment Income Support Scheme (SEISS) aims to provide financial support to those who rely on self-employment as their main source of income. It means that the UK has one of the most generous self-employed COVID-19 support schemes in the world.
The Government is also committed to ensuring that older people are able to live with the dignity and respect they deserve, and the State Pension is the foundation of state support for older people. Following the Government’s commitment to the Triple Lock, the full basic State Pension is now about £1,900 per year higher in 2020/21 than in 2010.