One in five highly skilled UK’s freelancers expect to have to close their business because of the coronavirus crisis, according to new research Falling through the cracks by the University of Edinburgh Business School in association with IPSE. The underlying problem seems to be that most of them could not access the government’s Self-Employment Income Support Scheme (SEISS) either because they work through their limited company (73%) or they were earning over the £50,000 threshold (13%), making them ineligible for state financial support.
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