Government suggests Statutory Self-Employment Pay as COVID-19 spreads

-

Government suggests Statutory Self-Employment Pay as COVID-19 spreads

The Government has suggested implementing Statutory Self-Employment Pay, as people were calling out for financial assistance to those who are self-employed as they too will find it hard to continue paid work due to the spread of COVID-19.

The House of Commons Public Bill Committee has published a proposed amendment to the Coronavirus Bill which, will give freelancers and self-employed people a guaranteed income of 80 per cent of their monthly net earnings.

Chancellor of the Exchequer, Rishi Sunak announced on the 20/03/20 that HM Revenue & Customs (HMRC)  will cover 80 per cent of employees salaries, which will provide a maximum of £2,500 a month for companies to keep their staff on the payroll instead of letting them go due to COVID-19. However, at that time there was no mention of self-employed workers receiving this grant.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

This is good news for the self-employed as Dave Chaplin, CEO of contracting authority ContractorCalculator said:

Freelancers and contractors have had their lives and livelihoods turned upside down by Covid-19 so the suggested amendment tabled for the bill to provide financial support is a welcome move.  The UK economy relies on freelance talent to help businesses to thrive and so it is right and proper that they should be helped not penalised in these unprecedented circumstances.   When the nation gets back on its feet it will be the freelancers and contractors that businesses will be turning to once again, so it is vital they are given a financial lifeline now so that they can get through the turmoil this crisis has inflicted on all our lives.

Jason Moyer-Lee, general secretary of the Independent Workers’ Union of Great Britain explained that after Boris Johnson announced the UK’s lockdown this move is especially important.

Mr Moyer-Lee said:

Proper sick pay is needed to enable low paid workers to protect themselves, their families, and the wider public. And there needs to be income support for the self-employed so they can avoid financial destitution.  The prime minister and the chancellor have repeatedly said they will do whatever it takes to protect people and the economy. This is what it takes.

Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.

Latest news

Sustainable business starts with people, not HR policies

Why long-term success depends on supporting employees, not just meeting ESG targets, with practical steps for leaders to build healthier organisations.

Hiring steadies but Gulf crisis threatens recovery in UK jobs market

UK hiring shows signs of stabilising, but rising global uncertainty linked to the Gulf crisis is weighing on employer confidence and delaying recovery.

Women ‘face career setback’ risk with flexible working

Female staff using remote or reduced-hour arrangements more likely to move into lower-status roles, raising concerns about bias in career progression.

Jo Kansagra: Make work benefits work for Gen Z

Gen Z employees are entering the workforce at full steam, and yet many workplace benefits schemes are firmly stuck in the past.
- Advertisement -

Union access plans risk straining workplace relations, CIPD warns

Proposed rules on workplace access raise concerns about employer readiness and operational strain.

Petra Wilton on managers struggling with new workplace laws

“Managers are not being given the tools they need to fully understand how the rules of the workplace are changing.”

Must read

Shreena Patel: How important is your appearance at work? Not as important as you think

We've all heard the saying: "dress for the job you want" but how seriously do we consider our appearance at work and does it even matter?

Zoltán Pethõ: AI is reshaping executive search – and it is happening faster than many expected

The real questions we must confront are clear: how will AI transform the way we work and how will it redefine the way we live and communicate on a broader scale?
- Advertisement -

You might also likeRELATED
Recommended to you