By Jack Maidment, Deputy Political Editor For Mailonline
Published: 13:09 GMT, 27 January 2021 | Updated: 13:11 GMT, 27 January 2021
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More than one million self-employed workers are missing out on Covid financial support from the Government because they have another source of income, resulting in many facing 'serious hardship', an influential think tank has warned.
Insurance Loans Mortgage Attorney Credit LawyerThe Government introduced the Self-Employment Income Support Scheme (SEISS) to help workers stay afloat during the coronavirus crisis.
But the Institute for Fiscal Studies said the way in which the scheme has been set up means 1.5million workers are currently excluded from claiming support.
Some 1.3million people who get less than 50 per cent of their income from self-employment and 225,000 who have profits in excess of £50,000 are not eligible.
The IFS said those people 'could easily be supported' by the Government at a 'modest cost' of less than £1billion per quarter if ministers chose to extend the scheme.
The Institute for Fiscal Studies said 'important groups' of workers had been excluded from Rishi Sunak's Self-Employment Income Support Scheme
