The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s decision today to extend a more flexible version of the government’s Job’s Retention Scheme until October – and is calling for self-employed people to be given the same level of certainty.
Joanna Elson OBE, chief executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, said: “Workers are breathing a sigh of relief after the Chancellors’ welcome and sensible extension of a more flexible Job Retention Scheme until October. Self-employed people deserve the same certainty – and we hope a similar extension will be announced to the Self Employment Income Support Scheme as soon as possible.
“The government still needs to act to support the incomes of owner-directors, who are falling into the gaps between these two schemes.
“Today’s news is also a clear sign of how long the government expects the economic impact of Covid-19 to last. It will be crucial that the eventual withdrawal of relief measures that have been introduced across government and regulators is done in a slow, careful and co-ordinated way.”