With latest IPSE research showing that 45% of contractors are concerned they won’t be able to afford basic living costs; Small Business Minister Paul Scrully has said he is considering ways of further supporting Limited Company contractors.
Alasdair Hutchison, Policy Development Manager at IPSE (the Association of Independent Professionals and the Self-Employed), commented, “More support is urgently needed for self-employed people working through limited companies. The limited company contractors we have spoken to are utterly despondent and feel completely left behind. Our research, too, shows that 69 per cent of limited company contractors do not feel government measures are enough to sustain them.
“The Chancellor’s Self-Employment Income Support Scheme was very generous to the people it covered, but there were several holes in the package – particularly limited companies and people who have only recently become self-employed.”