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ICAEW urges parity for the self-employed

23 March 2020: Chancellor Rishi Sunak must provide comparable support for employed and self-employed people, according to ICAEW.

ICAEW said its call reflected the feedback it had received from chartered accountants across the country, who advise millions of self-employed people. Additionally, many chartered accountants are small or sole practitioners themselves.

On Friday, the Chancellor announced sweeping emergency measures to enable companies to keep people in employment during the coronavirus crisis. However, there have been increasing calls to provide more assistance to the five million self-employed workers hit by the coronavirus pandemic.

Michael Izza, ICAEW Chief Executive, said: “The Chancellor’s bold moves last Friday gave much-needed peace of mind to employers and their staff, but he must now do the same for the self-employed. They are a vital part of the economy and no less deserving of direct Government support.

“It will be a much more complex undertaking, requiring trust and imagination on all sides, but even the promise at this stage that help is on the way will do much to sustain confidence.”