Global President - Saatchi & Saatchi
Nearly half of creatives across our great creative industry are freelance. We were asked to set up as Limited Companies. So that’s what we did. But now we are not eligible for the new Self Employed Income Support Scheme. We mostly pay ourselves through small dividends not salaries. We can’t furlough.
We have no options. We need options. We need the government to change policy so that the PAYE income and dividends paid to freelancers through their Limited Company be counted as income for the purpose of calculating the Income Support Package.
Rishi changed his mind last time - we can do it again. Please share this film and make some noise.
"Independent candidate for the Mayor Election, Rory Stewart has supported our campaign: “The self-employed & freelancers are the backbone of our economy - among the most creative, resilient and innovative people we have. The UK has a moral obligation and a strong interest in supporting them through this crisis”.
The Creative Economy contributes £111.7bn* to the UK economy. Pre-Coronavirus the Creative Industries were growing at 5 x the rate of the UK economy as a whole.**
Nearly half of the creative workers in the creative industries - 47 per cent - are freelance compared with 15 per cent across the workforce as a whole.*
Surveys indicate that 90%*** of creative industry workers, are set up as Limited Companies.
This is not a small problem.
IPSE say that Coronavirus is not only a health crisis, but an economic crisis too, and one that is likely to hit the smallest businesses - the self-employed - the hardest.
We want the government to also review the following:
Bring forward the payout of the Self-Employed Income Support Package, certainly much quicker than the proposed timeline of June - two months later than those on payroll. Self-employed workers have outgoings and business expenses due immediately, which £94.25 a week in Universal Credit payments simply will not cover. They cannot wait three months to be paid.
To allow those who have recently turned self-employed to be eligible for the Income Support Package. Those who recently transitioned to full-time self-employment are currently unsupported.
Remove the £50,000 income ceiling for the self-employed support scheme so more people are able to claim.
Authors: Eliza Easton, Evy Cauldwell-French
Source - DCMS Sectors Economic
GVA. Feb 2020
(via a Zoom call with 233 participants on Friday 27th March and emails.)
Advertising Production Association