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Chancellor reveals grant scheme for self-employed people that is "one of most generous in the world"

The Chancellor of the Exchequer has today (Thursday, March 26) revealed a grant of £2,500 a month for self-employed people to benefit from.

Rishi Sunak said the last 10 days had "shaken the economy" as never before and he was aware self-employed people were "already struggling".

He said the new taxable grant, similar to that being offered to furloughed workers, is worth 80 per cent of their average monthly earnings up to £2,500 was "deliverable and fair".

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