ISM calls for Rishi Sunak to clarify SEISS levels and support 'excluded' musicians
The ISM has today sent a letter to the Chancellor, calling for a commitment to parity between the fourth SEISS grant and furlough payments, and reiterating our call for support for 'excluded' musicians.
The letter highlights the recent research published by the Institute for Fiscal Studies, which suggests the financial support could be provided for 1.3 million of the estimated 3 million people who have been excluded from existing measures, for as little as 1% of the cost of the SEISS and furlough schemes.
Who are the 'excluded'?
ExcludedUK estimates that there are around 3 million people who are ineligible to receive furlough money or Self-Employment Income Support Scheme (SEISS) grants.
Of that 3million:
- 1.6 million are self-employed people who do not meet the current criteria for support;
- 710,000 are limited company directors who are ineligible for furlough payments;
- 790,000 are other company employees who are also not able to receive furlough payments.
The 1.3 million people identified by the Institute for Fiscal Studies are self-employed workers who receive under 50% of their income from their self-employment. This affects a large number of musicians and arts professionals whose portfolio careers mean they have a mixture of employed and self-employed income.