It has been requested by nearly 114 MP’s that Chancellor Rishi Sunak needs to extend the self-employment grant. The grant which is likened to the furlough scheme is expected to come to an end this weekend.
The chancellor has found it difficult having to fund over 8, 4 million workers through the furlough scheme and just under half a million applicants for the self-employed grant in its first day of operation.
The furlough scheme was due to be scrapped in May but has since been extended due to the economic detriment which may have occurred had Mr Sunak not extended it. This same sentiment is now being pressured onto the chancellor in regards to the self-employment grant.
The grant is set to be scrapped by this weekend, as it was not anticipated that the pandemic would still be as pervasive as it is now, and therefore government officials had not planned to extend the grant, however this may be due to change.
The government has been supplementing self-employed workers with about 80% of their wages, which is about £2,500, for a period of about 3 months, however the chancellor has been pressured by MP’s to reconsider its termination.
Rishi Sunak had indeed put this into thought in the beginning of May, when asked about the self-employment schemes intended longevity, with which he replied to by stating that it is “under review”. The chancellor has not returned to the conversation concerning the self-employment scheme but is under pressure to re-evaluate its termination.