My Mini-lathe similar to the SC2 had a toothed rubber belt, if yours is the same maybe the belt has lost teeth? Turn the lathe over by hand and inspect the inside of the belt for damage. Cheap and easy to fit a new belt.
Does the lathe work on the other speed setting? (Hi/Lo lever at rear) If it works on one speed but not the other could be the gear inside the headstock is broken. Here's what I did to mine by crashing the tool-post into the chuck at high-speed. 

This is more difficult to fix but not rocket science. Described here if the worst comes to the worst.
I don't think mini-lathes have shear pins but check anyway. Shear pins are designed to break during an overload and only have to be knocked out and replaced to get the machine going again. If they don't break cleanly you can get intermittent drive, test by holding the chuck whilst turning the motor by hand to see if anything in the drive chain slips.
Dave
Edited By SillyOldDuffer on 17/05/2020 14:47:27