A worrying report from The Money Advice Trust has highlighted many ongoing issues that the Government is failing to address.
Within their report, entitled: “The full report ‘Back to business: Supporting people in self-employment to bounce back from Covid-19”, it was revealed that a survey of people who had not had access to SEISS, 25 percent had fallen behind with their household bills.
In addition to this, 77 percent had not received a grant from SEISS and were expecting to need debt advice in the coming year.
As many as 47 percent, of those who were ineligible for SEISS and were forced to seek support from Universal Credit, were behind on at least one household bill or credit commitment and a worrying 29 percent of respondents who had taken out a Government-backed loan revealed they were not confident they could pay it back when required.
Almost 40 percent of the self-employed surveyed expected it to take more than a year before their income returns to pre COVID levels, while a tenth doesn’t expect their income to recover at all.
ExcludedUK is a non profit grassroots NGO founded to provide a platform for those denied fair and adequate financial support from the Governments COVID-19 Support schemes since the pandemic began in March. With a community of over 60,000 members across all industries, age groups and regions, we estimate that three million UK tax payers have been excluded from the same support as others, which has lead to thousands of people losing their livelihoods, careers, and homes, and sadly, for some, their lives.
ExcludedUK has been fundraising to provide urgent help and support for those affected in the forms of business and career advice, debt support and 121 counselling sessions within 48 hours. Please find more information on our website www.excludeduk.org.