Select committee: Treasury Committee
Sixth Special Report: Economic impact of coronavirus: gaps in support and economic analysis: Government Response to the Committee's Eleventh Report
Published 26 April 2021
Treasury Committee Economic impact of coronavirus Report on parliament.uk ↗
At a glance
The government's response
This document responds to Eleventh Report - Economic impact of coronavirus: gaps in support and economic analysis.
This is the government's response, published 26 April 2021.
Summary written by Accountability Index from the government's response. It is not the government's own words.The Treasury's response sets out the support it has provided and extended, says it has addressed the GDP commentary recommendation in the Budget, and says it cannot identify or fairly support limited company directors or change key SEISS eligibility rules.
- On the recommendation for a commentary on GDP as a measure, the Government says it "has addressed this recommendation in the Budget", which features a commentary on international comparisons of economic performance and the use of GDP as a measure.
- The Government has extended CJRS and SEISS "even further, until September", and moved the CJRS employee cut-off date to 2 March 2021 for claims starting on 1 May 2021.
- On limited company directors, the Government says the Directors Income Support Scheme proposal "is not workable in its current form" because HMRC does not hold the necessary information, and cites fraud and error risks, with a draft planning assumption that these "could be as high as 20%".
- On SEISS eligibility, the Government says the 50% self-employed income test and the £50,000 threshold are intended to target support. It does not think a taper is "proportionate", given complexity and the small number who would benefit.
What the committee recommended
This is a government response document, so it has no recommendations of its own.
Sources
- Sixth Special Report: Economic impact of coronavirus: gaps in support and economic analysis: Government Response to the Committee's Eleventh Report ↗The government's response, parliament.uk