Forward of Wednesday’s spending review, chancellor Rishi Sunak is coming below renewed stress to assist entrepreneurs and small enterprise homeowners who’ve been excluded from the 2 foremost coronavirus help schemes.
This week, the Federation of Small Companies requested the Treasury to consider policy proposals that might supply grants to restricted firm administrators who pay themselves by way of dividends and have been unable to assert help by way of furlough or the self-employment revenue help scheme (SEISS).
Three UK mayors — Andy Burnham, Sadiq Khan and Steve Rotheram — have individually urged the chancellor to contemplate extending monetary help not simply to administrators however other excluded groups, akin to PAYE freelancers and the newly self-employed.
Tuesday’s Enterprise Clinic mentioned the monetary issues going through entrepreneurs and the self-employed, the potential options being put ahead to deal with these — and the implications for companies if no motion is taken.
Presenter Claer Barrett hosted a Q&A (see video above) with Craig Beaumont, chief of exterior affairs on the Federation of Small Companies, Gina Broadhurst, co-founder of marketing campaign group Forgotten Restricted and Rebecca Seeley Harris, tax knowledgeable and founding father of Re Authorized Consulting who drafted the proposals for supporting administrators.