Closed petition Remove the £50k earnings limit for self-employed to access government funding

A group of MPs called the Treasury Committee is investigating the economic impact of coronavirus, including looking at support for businesses, employees and self-employed people.

The Committee launched the first stage of its inquiry on 18 March to look at the speed, effectiveness and reach of the Government’s and Bank of England’s immediate financial response to coronavirus.

During this stage, the Committee pushed the Government on the lack of support for the self-employed, on lenders requesting personal guarantees on business interruption loans, and on the issue of large firms struggling to get support, including in order to retain their employees.

On 24 April the Committee launched the next stage of its inquiry, in which it will examine the effectiveness, cost and sustainability of the Government’s and Bank of England’s support packages. The Committee will also examine the impact on the economy and different sectors, the implications for public finances, and how the Government can work towards a sustained recovery.

You can find out about the inquiry, including how to submit your views and details of meetings the Committee is holding, here: https://committees.parliament.uk/work/224/economic-impact-of-coronavirus/

The Treasury Committee is a cross-party group of MPs and is independent of the Government. The Committee looks at and questions the Government about matters relating to the spending of public money and economic policy.

You can find out more about the Treasury Committee on their website: https://committees.parliament.uk/committee/158/treasury-committee

You can follow the Treasury Committee on Twitter: @CommonsTreasury

The Treasury Committee is a ‘select committee’. Find out how Select Committees work: https://www.youtube.com/watch?v=o_2RDuDs44c

Has coronavirus affected your business in Wales?

A group of MPs called the Welsh Affairs Committee is looking into the impact of coronavirus on the Welsh economy, and would like to hear your views.

If your business in Wales has been affected by coronavirus, complete this survey to tell the Welsh Affairs Committee how the coronavirus outbreak has affected you: https://forms.office.com/Pages/ResponsePage.aspx?id=nt3mHDeziEC-Xo277ASzSsdf6aRbb_hHi61kcnJ3-KJUNEpKUVQ3ODkxU0tTQUdVV05ZMFhYRFozRy4u

The survey should only take 10 minutes to complete, and closes at 5pm on 15 May.

The Welsh Affairs Committee is a cross-party group of MPs and is independent of the Government. The Committee looks at and questions the Government about matters that have an impact on Wales.

You can find out more about the Welsh Affairs Committee on their website: https://committees.parliament.uk/committee/162/welsh-affairs-committee/

You can follow the Welsh Affairs Committee on Twitter: @CommonsWelshAff

The Welsh Affairs Committee is a ‘select committee’. Find out how Select Committees work: https://www.youtube.com/watch?v=o_2RDuDs44c

Further Information

You may also be interested to know that because of the large number of petitions that have been started in relation to coronavirus, the Petitions Committee has been questioning the Government about its response to the coronavirus outbreak.

Find out more and watch the Committee put questions suggested by petitioners to Government Ministers and the Deputy Chief Medical Officer: https://committees.parliament.uk/committee/326/petitions-committee/news/145767/committee-question-deputy-chief-medical-officer-and-ministers-on-coronavirus-response/

Read letters from the Committee asking further questions of Government Ministers: https://committees.parliament.uk/work/192/the-governments-response-to-coronavirus/publications/

Visit our website to find news and information on other activity in relation to coronavirus and other issues: https://committees.parliament.uk/committee/326/petitions-committee/

You can read impartial analysis of the Government response to coronavirus and policy developments here: https://commonslibrary.parliament.uk/coronavirus/

A group of MPs called the Treasury Committee has published a report on the UK Government’s coronavirus support packages, following an inquiry into the economic impact of coronavirus. The report expresses concerns about support for different groups of people, including:

• Those newly in employment or newly self-employed
• Those self-employed with annual trading profits in excess of £50,000
• Directors of limited companies
• Freelancers and those on short-term contracts

The report says the Government needs to do something for these people if it is to completely fulfil its promise of protecting incomes and jobs, and sets out a number of actions it wants the Government to take to support the above groups. The Government has two months to respond to the Committee’s report.

You can read a summary of the report here: https://houseofcommons.shorthandstories.com/coronavirus-economic-impact-gaps-in-support-report

You can find out about the Committee’s inquiry into the economic impact of coronavirus here: https://committees.parliament.uk/work/224/economic-impact-of-coronavirus

The Treasury Committee is a cross-party group of MPs and is independent of the Government. The Committee looks at and questions the Government about matters relating to the spending of public money and economic policy.

You can find out more about the Treasury Committee on their website: https://committees.parliament.uk/committee/158/treasury-committee

You can follow the Treasury Committee on Twitter: @CommonsTreasury

The Treasury Committee is a ‘select committee’. Find out how Select Committees work: https://www.youtube.com/watch?v=o_2RDuDs44c