Self-employment Income Support Scheme

Treasury written question – answered on 11th January 2021.

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Photo of Peter Kyle Peter Kyle Shadow Minister (Justice)

To ask the Chancellor of the Exchequer, if he will extend the eligibility criteria for the Self-Employment Income Support Scheme to provide greater coverage during the January 2021 ovid-19 lockdown period.

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

Throughout the crisis, the Government’s priority has been to protect lives and livelihoods. The Self-Employment Income Support Scheme (SEISS) was designed to target support at those who most need it, while protecting the Exchequer against error, fraud, and abuse.

The Government has taken a flexible and responsive approach and will continue to consider the matter carefully and work closely with stakeholders to explore how it can best support different groups.

Moreover, the SEISS continues to be just one element of a substantial package of support for the self-employed. Those ineligible for the SEISS 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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