You are here: Home - Credit Cards & Loans - News -

Coronavirus: millions risk financial hardship because sick pay system is ‘inadequate’

0
Written by:
10/03/2020
Citizens Advice has warned the UK’s sick pay system is inadequate to deal with the potential scale of the coronavirus outbreak and could push many into financial hardship. 

The prime minister announced last week that workers will receive statutory sick pay from the first day they are off work rather than the fourth. However, many people are not eligible for statutory sick pay including five million self-employed workers and at least 1.5 million in low-income jobs.

To qualify for statutory sick pay, you must be employed and must earn on average at least £118 per week.

Citizens Advice said it saw three times as many visits to its sick pay advice pages last week compared to the same time last year.

The charity said it was also concerned that the benefits system is ill-equipped to respond quickly to those seeking financial support if they fall unwell or need to self-isolate.

Gillian Guy, chief executive of Citizens Advice, said: “The growing outbreak is an unprecedented backdrop for this Budget. Coronavirus won’t discriminate between those eligible for sick pay and people who simply cannot afford to fall unwell.

“We know this is something front of mind for millions of people who could face the impossible choice of working while ill or ignoring guidance to self-isolate.

“The Chancellor must set out plans to broaden the pool of people eligible for statutory sick pay and ensure that the benefits system can respond flexibly to those who need it. Otherwise millions could fall through the gaps.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week