Month: November 2020

Third round of Self-Employment Income Support Scheme (SEISS) opens on Monday with tighter eligibility criteria

The third round of the Self-Employment Income Support Scheme (SEISS) will open on Monday 30 November 2020 with tighter eligibility criteria than have applied to the previous two rounds of the scheme. The third grant is worth 80 per cent of a self-employed individual’s usual trading profits over three months, capped at £7,500 in total…

Spending Review highlights long-term economic impact of Coronavirus pandemic

The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years. In response, he said that the Coronavirus Pandemic…