Self-employed: Coronavirus

Treasury written question – answered on 10th November 2020.

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Photo of Jon Trickett Jon Trickett Labour, Hemsworth

To ask the Chancellor of the Exchequer, what estimate he has made of the monthly cost of providing self-employed people seeking financial support with 70 per cent of their annual profits.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

The second SEISS grant was given at 70 per cent of three months of profits. Claims for this up to 30 September 2020 amounted to £5.7 billion in total, which is £1.9 billion per month.

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