Thousands of businesspeople ‘forgotten’ by Covid-19 support schemes - a BECBC speaks out
The managing director of a West Cumbrian firm says he is one of thousands of people forgotten by the Government during the Covid-19 crisis.
Lee Grears, who runs Responsive Ltd (a BECBC member), has been forced to close two of his three businesses and furlough six of his 14 staff.
Because of the way limited companies are set up, directors take a small salary via the PAYE system and the rest is made up of dividends from their firm's profits, which are taxed twice before they end up as wages.
Any support on offer only takes into account the PAYE wage figure, which is often a very small amount.