Relief for millions of self-employed people, but gaps in support remain unaddressed

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s announcement today on extensions to the Job Retention Scheme and Self Employment Income Support Scheme.

Jane Tully, director of external affairs at the Money Advice Trust, the charity that runs National Debtline and Business Debtline, said: “The Chancellor’s extension of the Self-Employment Income Support Scheme will come as a relief to millions of self-employed people who are relying on these funds to get through the Covid-19 outbreak with their business and livelihood intact.

“Through this extension and sensible changes to the Job Retention Scheme, the government should be congratulated for taking a gradual and cautious approach to withdrawing these temporary measures.

“However, gaps in the government’s support for the self-employed remain unaddressed – including owner-directors who receive most of their income through dividends, and the newly self-employed. It’s not too late for the government to act on these issues – as the Scottish Government has for the newly self-employed – and we would urge them to bring forward rectifying measures as soon as possible.”