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Rachel Reeves’ Spring statement is almost as unpopular as the disastrous mini-budget that Liz Truss’s short-lived premiership collapsed, a new poll reads.
Only one in five people had a positive view on the latest fiscal statement from the Chancellor – in which she revealed a fresh round cut to benefits – while 49 percent of those who were researched by BMG research for the I Newspaper saw it negative. A third of the voters of the labor also rejected the chancellor’s announcements.
These findings give Ms Reeves’ Spring statement a net popularity rating of -28, making it the least popular fiscal event since Ms Truss’s Mini budget, assessed on -37.
Labor’s October budget -who made farmers angry and had further taxes on employers -had a net rating of -15.
And in a twin stroke for Ms Reeves, a further damning poll by Ipsos found that only one in five people now believe that she is doing a good job-a score that drops her after the approval rating of Ms Truss’s Chancellor Kwasi quarter mix in the aftermath of their 2022 mini-budget.
After the mini budget, which sent the mortgage rates, Mr. Quarterly had an approval rating of -37. Ms Reeves is currently on -32, a five -point drop over the past two weeks. The BMG polls also placed the chancellor on -32.
“No chancellor of the treasure chest wants their work approval to be compared to Kwasi Quartereng’s time in No. 11, but the current scores of Rachel Reeves are closer to his post-mini budget levels,” said Ipsos director of British politics, Gideon Skinner.
The Ipsos poll was performed on the day when Ms Reeves used her Spring statement to reveal a fresh round benefits cuts. The Department of Work and Pensions (DWP) has warned that it will push 250,000 more people, including 50,000 children, into poverty.
The Chancellor also criticized for leaving only a breathing room before the next government budget this fall, with top economists warning that she will now face six months of speculation about the future tax increases or cutting to expenses.
Ms Truss’s term of office in Downing Street lasted just 49 days after her disastrous so-called mini-budget caused mass markets and saw the pound tank to a 37-year-old low.
Ms Truss and Mr. Quarter mix announced the largest series of tax cuts for half a century in the statement, but was quickly forced to climb over their plan to abolish the top rate of income tax for the highest earners.
Mr Karteng was discharged after just 38 days in a desperate bid of Ms Truss to protect herself from the fallout of the mini-budget. He became the second shortest serving chancellor behind Iain Macleod, who died a month after the office of office.
The day after her spring statement, Ms Reeves faced an increasing questions, with the influential Institute of Fiscal Studies (IFS) warning pensioners, and the rich could now face a shock tax attack in the fall if the deteriorating economic prediction did not improve.
But despite the disapproval of the package as a whole, BMG – conducted on Wednesday and Thursday – found that most of the specific announcements in Ms Reeves’ Spring statement were supported by a majority of the public, especially her boost to defense spending and 15 percent cut to administrative budgets in the public service.
Her decision to sharpen the suitability rules for personal independence payments (PIP) is the most controversial measure, with 42 percent of those in favor of privilege and 30 percent expressing disapproval.
“Not since the mini-budget has regarded a fiscal event as negatively by the public as this spring statement,” Robert Struthers of BMG told the I newspaper, which instructed the poll.
‘The only silver lining for labor is that the public awareness of the event is lower than for more negatively perceived budgets in previous years – which means that any criticism may not be so commonly felt.
“As is often the case with fiscal events, labor stands a well -known challenge: Individual policy is positive, but the public sentiment to the overall package remains negative. It’s a hard narrative to move – and the spring statement has so far not been able to do so.”
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