French President Emmanuel Macron is set to unveil his long-awaited plans to help overcome five months of yellow vest protests which have damaged his presidency.

Mr Macron will make a speech at the Elysee presidential palace based on three months of national debate aimed at addressing the protesters’ concerns through town hall meetings and collecting complaints online.

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French President Emmanuel Macron hopes to address the concerns (Thibault Camus/AP)

He is expected to respond to concerns over sinking purchasing power with tax cuts for lower-income households and measures to boost pensions and help single parents.

He may also make it easier for ordinary people to initiate local referendums.

The protesters see the centrist president as favouring the rich and want more income equality.

Mr Macron initially planned to make his announcements last week, but postponed them when the fire at Notre Dame Cathedral broke out.