With the full re-opening of the economy expected to go ahead as planned, the IPSE has warned that this can’t mark the end of government help for the self-employed.
The Association of Independent Professionals and the Self-Employed (IPSE) believes that the government must monitor the worst hit industries and be ready to provide a stimulus package.
Derek Cribb, CEO of IPSE, commented,“The month-long delay to opening up was a serious blow to freelancers – particularly in the creative and events industries: the full reopening of the economy that is expected next month will be a huge relief to them. For the rest of the self-employed sector, however, the final reopening of the economy may have less of an impact.”
Cribb added, “The wider self-employed sector – from IT contractors to graphic designers – has been financially hammered by the pandemic: the total number of freelancers has fallen by a truly shocking 14 per cent. Among those who remain, especially the million or so freelancers who were excluded from support (such as limited company directors), the spectres of accumulated debt and increased competition for contracts loom large.
“As in previous economic downturns, however, the flexibility and tenacity of freelancers will be vital for the recovery effort. If they are to play this part and drive the recovery, there may be a need for a targeted stimulus package for the worst-affected groups. Government should monitor the situation of these groups and be ready to step in. The full reopening of the economy is very welcome, but because of the gaps in support and sheer damage to self-employment, this must not be the end of Government’s involvement.”
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