Three-quarters of self-employed have not received government help during pandemic
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Nine million people have had to borrow more money due to Covid
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Nearly nine million people borrowed more cash due to pandemic, new UK figures show
By Joe Gammie, PA
Nearly nine million people in Great Britain had to borrow more money because of the coronavirus pandemic, new figures show.
The Office for National Statistics (ONS) data, published on Thursday, showed that 17% of adults reported borrowing money in December 2020 compared to 11% at the end of June.
It also showed that the proportion of people borrowing more than £1,000 had increased from 35% to 45% during the same period.
The ONS said: “Over the course of 2020, there was an increase in the number of people borrowing more money, and in larger amounts.
Millions of Brits still missing out on self-employment grants
A protestor poses with a sign during a demonstration against Covid-19 restrictions in London in December 2020 (Getty Images)
The government has faced mounting calls to increase the number of grants for self-employed workers, after the spending watchdog yesterday warned millions are still missing out on financial support.
A survey of more than 6,000 households released today by the Office for National Statistics’ (ONS) found that only 24 per cent of self-employed people had received support from the Self-Employment Income Support Scheme (SEISS) up to October 2020.
The figure means more than three-quarters of self-employed workers surveyed by the ONS have not yet received government support.