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Policy

Recovery of Covid Self-Employed Grants

Covid Recovery of Covid Self-Employed Grants

Policy:

Self-Employment Income Support Scheme (SEISS) recipients repay 10% contribution of the total grant value paid back annually until cleared.

The Self-Employment Income Support Scheme (SEISS) was a crucial support for millions of entrepreneurs.

To ensure a shared role in the UK's fiscal recovery, a fair and manageable contribution system from these grants is a logical next step.

The approach would be straightforward: a 10% contribution of the total grant value paid back annually until cleared. For those able to contribute faster, a powerful incentive would apply: a 50% reduction in the total amount for settling the balance in a single payment.

This system rewards early contribution rapidly reduces Covid-related national debt and cuts ongoing interest costs.

It’s a practical way for the UK's valued self-employed to have a direct stake in the nation's financial health.

National Debt Reduction of £-4 Billion