Rachel Reeves Has Become The UK's Most Unpopular Chancellor On Record

Rachel Reeves is deeply unpopular with the public just 10 days before her Budget, according to a new poll.Rachel Reeves is the UK’s most unpopular chancellor in recorded history, according to a new poll.The MP for Leeds West and Pudsey became the first woman to hold the job – which has been around for more than 800 years – when Labour won on a landslide in July 2024.However, an Ipsos poll for The Telegraph found almost three quarters (71%) of the British public are dissatisfied with her performance – just 10 days before she is set to unveil her second Budget.Senior director of UK politics at Ipsos, Gideon Skinner, said: “On top of continued record unhappiness with Keir Starmer, Rachel Reeves’ satisfaction ratings have also hit a record low this month, the worst for any chancellor since we started monitoring in 1976.“This comes in the context of persistent economic anxiety, with more people today struggling to cope than we were seeing in 2022 when the cost of living crisis first started to bite.”The poll found most voters (66%) did not believe the government’s policies would lead to economic growth, either.Skinner said: “Historically we’ve only seen similar levels of scepticism over the government’s long term economic plans in the last years of the Major and Sunak governments, and under Brown after the financial crash.“Meanwhile, Reform UK continue to hold a steady lead in voting intentions, helped by this frustrated desire for change and their own strengths on immigration and (to a lesser extent) on crime – though it should still be noted that many of the public do not see them – or indeed any party – as having the answers either on many issues.”Skinner pointed out that the last time Labour polled this poorly within Ipsos’s records – going back to the mid-1970s – it was in May 2009, amid the fallout of the financial crisis.“That was a one-off nadir that they did recover from to some extent, denying the Conservatives a majority in 2010, which might be of some minor comfort to Labour,” he said.However, the expert noted the challenges are “much greater now” than they were then amid the politically fragmented landscape.Reeves is widely expected to announce a raft of new tax rises or spending cuts on November 26 in order to fill the £20 billion black hole in the public finances.It comes a year after her first Budget where she hiked taxes – but promised it was a one-off, and that economic growth was on the horizon.Since then, the British economy has struggled to take off. It grew by just 0.1% in the third quarter of this year.The Ipsos poll also gave Reform leader Nigel Farage an eight-point lead over Keir Starmer as the best prime minister.Related...Rachel Reeves 'Rips Up' Plans To Raise Income Tax In The BudgetMore Chaos – Or The Right Move? MPs Are Divided After Reeves Dropped Plans To Hike Income Tax4 Ways Rachel Reeves's Upcoming Budget Could Affect You

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