Leaving no one behind: ILC briefing on the coronavirus support package for the self-employed

Document type
Briefing
Author(s)
Dimitriadis, Sophia
Publisher
International Longevity Centre - UK
Date of publication
3 April 2020
Subject(s)
Older Adults, Employment, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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While the ILC welcomes the Chancellor’s announcement to support self-employed workers amid the coronavirus crisis, the support package risks excluding a sizeable number of older workers who are already in a vulnerable position.

12% of workers under 50 (2.7 million) and 21% of workers aged 50+1 (2.2 million) are self-employed.

A significant proportion of older workers are self-employed and among these, a sizeable number may be ineligible for any support. This could unintentionally disincentivise longer working lives and further disadvantage the retirement incomes of the self-employed.

 

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