Millions of self-employed people will be given an "unprecedented" grant worth 80% of their profits in a coronavirus bailout - but not until JUNE.
Chancellor Rishi Sunak finally unveiled a scheme for Britain's 5million self-employed tonight after days of frantic talks with unions.
He said the taxable grant will be worth 80% of a firm's monthly profits over the last three years - capped at £2,500 a month.
Those figures are similar to a scheme being offered to millions of full- and part-time workers. Yet while that scheme will be open in April, the Chancellor admitted the scheme for the self-employed will only be in force “no later than the beginning of June” - more than two months away.