Self-employed: Coronavirus

(asked on 5th January 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to provide financial support to those registered as self-employed who were excluded from previous COVID-19 financial support schemes.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 18th 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 continues to take a flexible approach and keeps all impacts and policies under review. Details of the fourth SEISS grant will be available in due course.

The Self-Employment Income Support Scheme is one part of a substantial package of support available for the self-employed. Those ineligible for the SEISS Grant Extension may still be eligible for other elements of the support available. The Universal Credit standard allowance has been temporarily increased for 2020-21 and the Minimum Income Floor relaxed for the duration of the crisis, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments, and other business support grants.
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