Reeves on course to be less popular than Truss mini-budget chancellor Kwasi Kwarteng
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Rachel Reeves’ approval rating plummets after spring statement
- Chancellor Rachel Reeves' approval rating has plummeted following her spring statement, nearing the low levels seen by Kwasi Kwarteng after the disastrous mini-budget under Liz Truss.
- A recent Ipsos poll reveals only one in five people approve of Ms Reeves' performance, with half viewing it negatively, resulting in a -32 approval rating.
- The spring statement unveiled benefit cuts expected to push more people into poverty, and offered little fiscal room for the upcoming autumn budget, sparking concerns about potential tax hikes or spending cuts.
- This negative public reaction mirrors the fallout from Mr Kwarteng's mini-budget, which led to market turmoil and ultimately the resignation of Ms Truss after just 49 days in office.
- Experts warn Ms Reeves faces challenging times ahead, with potential tax raids on pensioners and the wealthy looming if the economic outlook doesn't improve.