Business chiefs welcome Government's financial support for self-employed workers in national emergency

Business leaders have welcomed the Government’s financial aid for the self-employed whose livelihoods have been impacted by the coronavirus pandemic.

Tuesday, 31st March 2020, 10:13 am
Updated Friday, 3rd April 2020, 9:46 am
Scott Knowles.

Mike Cherry, national chairman of the Federation of Small Businesses (FSB), said: “This bold support package from the government will give much-needed help to vast numbers of self-employed workers, guaranteeing 80 per cent of income to those affected, with earnings of up to £50,000.

“This is a time of national emergency, and it is very welcome that the Government has listened to FSB and responded with a multi-billion-pound package to support the most financially vulnerable entrepreneurs, and to do so through the self-assessment system.

“We have heard despairing stories from hairdressers, bakers, childcare providers, freelancers, drivers and many others, seeing the businesses they’ve spent years building dry up in a matter of days.”Scott Knowles, chief executive at East Midlands Chamber, said:

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“Self-employed people play a crucial role to both the East Midlands and the wider UK economy and it is right that Government supports this diverse group of workers in these uncertain and challenging times.

“The Chancellor’s announcement will be welcomed by many but the practicalities of delivering such an unprecedented package will be complex. Government must waste no time in ensuring words are translated into actions without delay.”