“Our values are rooted in the fundamental belief that individual freedom enables both the greatest achievement and the gentlest kindness.”
“I am committing myself to a single priority – to create, support and extend opportunity to as many people as I can.”
I believe this is a moment of opportunity, when we should become a nation that champions people who start a business.
The Small Business Grant scheme should cover these businesses – and the furloughing plan allow sole company directors to work.
Large numbers of people are falling through the eligibility gaps – caught between schemes for the employed and self-employed.
The job now needs to be completed by shoring up workers’ incomes and firms’ revenues to as close to 100 per cent as is practical.
It will take a vast New Deal of actual spending to lift Europe out of Coronavirus slump and head off a deflationary depression.
There will also be a longer-term cost of possible tax changes for the self-employed, but for now these are not the issue.
The tax benefits of being self-employed should reflect genuine value added relative to normal employment.
The Chancellor announces details of a new income support scheme – “one of the most generous in the world,” he says.
With the bazooka being well-wielded by Sunak, it seems almost churlish to suggest some further things the Treasury could do. But here are three.
By adapting the Statutory Maternity Pay system, the Chancellor’s Coronavirus Job Retention Scheme will improve the lives of thousands of people.
The Chancellor should make further provision for them. But the vast though necessary expansion of state spending will need emergency powers-type checks.