THE BOUNCE Back Loan Scheme and the Self-Employment Income Support Scheme have helped to support businesses during the pandemic. But will Rishi Sunak extend the support schemes past April 2021?
Trending
As a result of this, a “Targeted Income Grant Scheme” (TIGS) has been proposed and presented to the state, which aims to provide support to workers who have been excluded from SEISS.
Rishi Sunak recently confirmed the treasury is considering the scheme and Liron Smadja, a Director at Fiverr, commented on the current state of affairs: The Government’s extension of the SEISS is encouraging for Britain’s army of self-employed entrepreneurs - but there are some serious issues in the way it’s been targeted. The continual mounting issue of SEISS eligibility has left thousands of self-employed workers unable to access Government support - and with the deadline for the third set of payments rapidly approaching, it’s crucial that this issue is addressed.
Currently the Government has not outlined how much the fourth SEISS grant will be worth.
In addition, the Government has not announced when applications for the fourth grant will open, or if the eligibility criteria may change.
The Government has paid out billions in grants to eligible self-employed people over the course of the pandemic.
SEISS deadline: Many businesses have had to close during the third national lockdown in England (Image: GETTY)
However swathes of self-employed individuals have not been included in the SEISS eligibility criteria, meaning some have had to rely on loans to get through the crisis.
The Government’s SEISS web page currently states further details of the fourth SEISS grant will be set out “in due course”, leaving many unsure about what support may be available while lockdown continues.
BBC News
By Clodagh Rice
Published
image copyrightGetty Images
The number of people on furlough in NI rose by more than a third between October and December, according to the latest data from HMRC.
The Coronavirus Job Retention Scheme pays 80% of a worker s wages up to a cap of £2,500 a month.
The scheme was due to run out in October, but was extended and will now run until the end of April.
On 31 October, 68,000 people were on furlough - that rose to 94,800 by the end of December.
The provisional data for December showed there were slightly more women on furlough (48,000) than men (46,800).
One person replied: He asked yesterday to be reminded if he forgets.
Martin s post addressing the situation read: Yes you re right - I can t believe I screwed up so quickly. Apologies. I was doing it on my phone at speed via Swype text.
Martin said to fans I can t believe I screwed up so quick (Image: TWITTER)
A quick-thinking fan noticed his mistake. (Image: GETTY) In the words of Boxer from Animal Farm, I will work harder at this. #GenuinelySorry.
In George Orwell s novel, Animal Farm, Boxer is a hardworking but naïve and ignorant cart horse.
In the book, Boxer s personal motto and answer to every problem was: I will work harder!