The Federation responds to today's announcements by the Chancellor
Responding to today’s announcements by the Chancellor, Caroline Norbury, CEO, Creative Industries Federation, said:
“We called on government to extend the Self Employed Income Support Scheme and we are pleased to see that this has been announced today. However, the most vulnerable are still at risk, and this is a missed opportunity to catch those freelancers who continue to fall through the gaps, such as PAYE freelancers, limited company contractors and the newly self-employed.
There also remains a worrying inequity between those on payroll, who have 80% of their income secured until the end of October, and the self-employed, who will see support cut off in August. A third of the creative workforce is freelance, including those working in music, performing arts, film, festivals and live events, who will be unable to return to work for quite some time. This freelance community has been hit the hardest: 62% of creative freelancers surveyed by the Creative Industries Federation reported having lost 100% of their income in March compared to 42% of companies.
The Job Retention Scheme has also been a lifeline for many in the creative industries, and the ability to furlough part-time earlier than planned is welcome, however clarity is needed beyond October. As called for in our statement with UKHospitality and Association of Leading Visitor Attractions yesterday, it is imperative that we avoid a cliff-edge on these vital government support schemes, ensuring relief continues for those businesses who will take longest to resume full levels of operation.
As the Chancellor acknowledged in parliament recently, 'The creative industries play an incredibly important part in our economy in this country, are one of our great exports around the world and add to our soft power. We should do everything we can to preserve the jewel that is that industry'."