Self-employed income support doubles BUT many are still excluded

A raft of self-employed workers are still being denied help as a second lockdown arrives – more than seven months after the first coronavirus support measures were announced. This week’s announcement that the Self-Employment Income Support Scheme will be extended through to January has been welcomed, but all those who weren’t eligible before the extension … Read more

Rishi Sunak says self-employed will get more support amid lockdown

Rishi Sunak is to double the cash handed out to the self-employed during the new lockdown as the Chancellor beefs up support amid increasing winter economic gloom. People working for themselves will be able to claim 80 per cent of their average trading profits during November, up from 40 per cent currently under plans outlined by … Read more

Business support from Government fails to support the self-employed

Rishi’s emergency rescue plan to extend financial help for businesses has kept some firms happy while others accused the Chancellor of ‘robbing Peter to pay Paul’. Rishi Sunak shared his ‘Winter Economic Plan’ today, which provided an update on the new programme due to replace the furlough scheme among other policies designed to protect jobs … Read more

Excluded 3million self-employed fail to get help in mini-Budget

Millions of self-employed workers have been left devastated as they watched Chancellor Rishi Sunak deliver his Summer Statement with bated breath, only to hear nothing about receiving any Covid-19 financial support. An estimated 3million of the UK’s workforce have been left in the cold by exclusions in the support package for the self-employed, say campaigners, … Read more

Call for Chancellor to help self-employed excluded by £50k cap

Approximately 230,000 of Britain’s self-employed continue to be excluded from any Government support because they have had trading profits of £50,000 or more in the last three years. Campaigners are calling on the Chancellor to step in and remove their exclusion from the self employment income support scheme, when he makes a summer statement to … Read more

The self-employed excluded from the coronavirus rescue: TiM podcast

We publish our podcast every Friday to the player on This is Money, above, and on Apple Podcasts (iTunes) and on the podcast platforms Audioboom and Acast, both of which allow you to listen on desktop, mobile, or download an app. We also now publish to Spotify. To download the Apple Podcasts app if you … Read more

Beverly BS bounce back mortgage designed to help the self-employed

Self-employed borrowers frozen out by banks since lockdown get some hope as small building society offers a new ‘bounce back’ mortgage Self-employed will have been hard pressed to find a mortgage so far this year  Banks have limited who they lend to as worries over the economy loom New deal could help by letting those … Read more

Why did Rishi Sunak fail to help some of the self-employed?

Why help everyone but leave out the self-employed who’ve paid lots of tax? SIMON LAMBERT on the hole in Rishi Sunak’s coronavirus rescue By Simon Lambert for Thisismoney.co.uk Published: 08:21 BST, 2 July 2020 | Updated: 08:23 BST, 2 July 2020 Rishi Sunak proved dauntless in his coronavirus rescue package but for the self-employed there … Read more

How parties can use the election to stand up for the self-employed

ALASDAIR HUTCHISON: From the loan charge to pension saving, how parties can use the election to stand up for Britain’s army of self-employed By Alasdair Hutchison For This Is Money Published: 07:53 BST, 10 December 2019 | Updated: 07:53 BST, 10 December 2019 Alasdair Hutchison of IPSE Ahead of next month’s General Election, Alasdair Hutchison, … Read more

Number of jobs furloughed hits 8.4MILLION with another 2.3million self-employed

Boris Johnson today vowed not to increase income tax, VAT or national insurance despite coronavirus wreaking havoc on the public finances.  The PM also promised that the triple lock on state pensions – which means they rise by the highest of inflation, earnings, or 2.5 per cent – would be maintained.  Standing by the pledges, … Read more