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Self employed campaign begins with calls for statutory paternity pay

Paternity Pay

 

Self employed people should have the right to two weeks statutory paternity pay and an adoption allowance according to an agenda published by the Federation of Small Businesses.
The agenda is part of a new campaign by the FSB to improve the prospects of the UK’s 4.8m sole traders. It is backed by a survey which shows confidence among the self-employed community has fallen significantly over the last year.More than one in four (28%) sole traders currently expect business performance will worsen over the coming three months. Four in ten (41%) are not expecting a meaningful improvement. Less than one in three (31%) think their business performance will improve, says the FSB.
In addition to paternity rights and an amendment to the Parental Bereavement Bill to ensure inclusion of the self employed, Its new “Think Self-Employed” agenda calls for a reform of Universal Credit (UC) to protect sole traders from losing out due to fluctuating monthly incomes over the year; the extension of the one-year UC ‘start-up period’ to ensure claimants have at least two years to get firms off the ground and a Brexit deal that allows sole traders to cross European borders without administrative burdens and additional costs.
Other recommendations cover encouragement to save, ensuring lessons are learned from the impact of changes to IR35 legislation in the public sector before rolling them out to the private sector and closer working between government and financial services firms to help the self-employed overcome barriers faced when applying for mortgages, loans and insurance products. The study also calls for tax relief on training and better data for Local Enterprise Partnerships so they can target small business support effectively.

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By:
Mandy Garner

Published: 3rd July 2018

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