Rachel Reeves and former chancellor Kwasi Kwarteng (Image: Getty)
Rachel Reeves’s performance rating as Chancellor has neared the same level as Kwasi Kwarteng’s following his disastrous mini-Budget. Her approval ranking of -32 following this week’s spring statement is approaching the ratings for Liz Truss’s former chancellor, who had -37 points following his 2022 statement.
Nearly one in five (19%) of Britons polled said Ms Reeves was doing a good job, with half (51%) saying she was doing a bad job, pollsters Ipsos said. The latter figure is up seven percentage points from the middle of March.
The Secret Revealed: Why All Hummingbirds Go to My Neighbor's GardenSherem| Sponsored Sponsored
Learn More
Undo
DON'T MISS
Powered by
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Huge blow for 4m Brits as Rachel Reeves drags them into paying higher tax
218 Comments
More than 10 million Brits could be '￡500 poorer every year' under Labour
48 Comments
State pensioners face 'bizarre tax cliff edge' in just two years
33 Comments
State pension age ‘crunch time' as Rachel Reeves will save ￡10bn with early hike to 68
Comments
Rachel Reeves has simply trimmed the fat - her plan won't touch the sides
9 Comments
Blow to Rachel Reeves as 'Brits rein in spending as confidence in economy falls'
7 Comments
Rachel Reeves to hit Britain with 'devastating' tax rises in brutal ￡36bn raid
62 Comments
Solo Electric Vehicles For SaleSearchPad| Sponsored Sponsored
Undo
Keir Starmer's nine-word question to Rachel Reeves revealed by lip reader
297 Comments
What time is Chancellor Rachel Reeves' spring statement? Speech and policies to expect
Comments
Solo Electric Vehicles For SaleSearchPad| Sponsored Sponsored
Undo
Rachel Reeves says she won't do two things ahead of critical Spring Statement
2 Comments
There was only one winner at the spring statement - and it wasn't Rachel Reeves!
18 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Rachel Reeves has one last chance to pull Britain back from total despair
25 Comments
POLL: Is Rachel Reeves doing a good job as Chancellor?
114 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Huge blow for 4m Brits as Rachel Reeves drags them into paying higher tax
218 Comments
Solo Electric Vehicles For SaleSearchPad| Sponsored Sponsored
Undo
More than 10 million Brits could be '￡500 poorer every year' under Labour
48 Comments
State pensioners face 'bizarre tax cliff edge' in just two years
33 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
State pension age ‘crunch time' as Rachel Reeves will save ￡10bn with early hike to 68
Comments
Rachel Reeves has simply trimmed the fat - her plan won't touch the sides
9 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Blow to Rachel Reeves as 'Brits rein in spending as confidence in economy falls'
7 Comments
Rachel Reeves to hit Britain with 'devastating' tax rises in brutal ￡36bn raid
62 Comments
Keir Starmer's nine-word question to Rachel Reeves revealed by lip reader
297 Comments
What time is Chancellor Rachel Reeves' spring statement? Speech and policies to expect
Comments
Rachel Reeves says she won't do two things ahead of critical Spring Statement
2 Comments
There was only one winner at the spring statement - and it wasn't Rachel Reeves!
18 Comments
Rachel Reeves has one last chance to pull Britain back from total despair
25 Comments
POLL: Is Rachel Reeves doing a good job as Chancellor?
114 Comments
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Get the latest politics news straight to your phone Join us on WhatsApp Our community members are treated to special offers, promotions, and adverts from us and our partners. You can check out at any time. Read our Privacy Policy
Gideon Skinner, senior director of UK politics at Ipsos, said: “No Chancellor of the Exchequer wants their job approval to be compared to Kwasi Kwarteng’s time in No 11, but Rachel Reeves’s current scores are nearing his post mini-Budget levels. Half are critical of her performance, and the immediate reaction to the spring statement has done little to reassure the British public about the state of the economy, public services, or their own personal finances.
“In fact, the initial public reaction is less favourable than it was after her October Budget, reflecting ongoing public pessimism since then. Labour needs to try to change this narrative, but on first impressions Britons are more likely to have heard the news that economic growth will be lower in 2025 than the more positive forecasts for the economy in the future. And while the public themselves remain split on tax rises vs spending cuts, few think the Government is getting the balance right.
Sponsored
Sherum| Sponsored Sponsored
Learn More
Why Are People Snapping up This New Flag Wreath?
Undo
Trending
“Immediate reactions from the public aren’t the final say, and some of her spending announcements do have majority support. Sometimes fiscal events look better – or worse – in hindsight, and it is delivery on issues such as the cost of living, economic growth, public services – especially the NHS – and immigration that will really count. But our research suggests Rachel Reeves is in for more difficult days as Chancellor.”
The 51% who felt Ms Reeves was doing a bad job as Chancellor is worse than Ipsos recorded for Jeremy Hunt or Rishi Sunak – both 44%.
Ms Truss’s mini-Budget, which brought forward huge tax cuts but was not costed by the Office for Budget Responsibility, sparked a major selloff in the bond market.
The Bank of England was forced to intervene to calm markets after pension funds became stuck in a loop of selling as prices plummeted.
It ultimately led to her resignation, making her the shortest-serving UK prime minister after 49 days.
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
Ms Reeves has faced fierce criticism for her welfare reforms.
DON'T MISS
Powered by
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Huge blow for 4m Brits as Rachel Reeves drags them into paying higher tax
218 Comments
More than 10 million Brits could be '￡500 poorer every year' under Labour
48 Comments
State pensioners face 'bizarre tax cliff edge' in just two years
33 Comments
State pension age ‘crunch time' as Rachel Reeves will save ￡10bn with early hike to 68
Comments
Rachel Reeves has simply trimmed the fat - her plan won't touch the sides
9 Comments
Blow to Rachel Reeves as 'Brits rein in spending as confidence in economy falls'
7 Comments
Rachel Reeves to hit Britain with 'devastating' tax rises in brutal ￡36bn raid
62 Comments
Why Are People Snapping up This New Flag Wreath?Sherum| Sponsored Sponsored
Learn More
Undo
Keir Starmer's nine-word question to Rachel Reeves revealed by lip reader
297 Comments
What time is Chancellor Rachel Reeves' spring statement? Speech and policies to expect
Comments
This Veteran Tribute Glass Is the Ideal Choice to Pay Tribute to Every Great Veteran.Graddi| Sponsored Sponsored
Read More
Undo
Rachel Reeves says she won't do two things ahead of critical Spring Statement
2 Comments
There was only one winner at the spring statement - and it wasn't Rachel Reeves!
18 Comments
MD: Building Muscle After 60 Comes Down To This 1 ThingApex Labs| Sponsored Sponsored
Undo
Rachel Reeves has one last chance to pull Britain back from total despair
25 Comments
POLL: Is Rachel Reeves doing a good job as Chancellor?
114 Comments
Protein Isn't Enough - Here's What Really Builds Muscle After 60Apex Labs| Sponsored Sponsored
Undo
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
Discover Effortless Glucose Monitoring: Request a Free TrialDexcom| Sponsored Sponsored
Try Now
Undo
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
The Secret Revealed: Why All Humming birds Go to My Neighbor's GardenSherem| Sponsored Sponsored
Learn More
Undo
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
The New Ultramarine CollectionYETI| Sponsored Sponsored
Shop Now
Undo
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Huge blow for 4m Brits as Rachel Reeves drags them into paying higher tax
218 Comments
This Veteran Tribute Glass Is the Ideal Choice to Pay Tribute to Every Great Veteran.Graddi| Sponsored Sponsored
Read More
Undo
More than 10 million Brits could be '￡500 poorer every year' under Labour
48 Comments
State pensioners face 'bizarre tax cliff edge' in just two years
33 Comments
The Easy Access Ranchero？ BackpackYETI| Sponsored Sponsored
Shop Now
Undo
State pension age ‘crunch time' as Rachel Reeves will save ￡10bn with early hike to 68
Comments
Rachel Reeves has simply trimmed the fat - her plan won't touch the sides
9 Comments
Why Are People Snapping up This New Flag Wreath?Sherum| Sponsored Sponsored
Learn More
Undo
Blow to Rachel Reeves as 'Brits rein in spending as confidence in economy falls'
7 Comments
Rachel Reeves to hit Britain with 'devastating' tax rises in brutal ￡36bn raid
62 Comments
Keir Starmer's nine-word question to Rachel Reeves revealed by lip reader
297 Comments
What time is Chancellor Rachel Reeves' spring statement? Speech and policies to expect
Comments
Rachel Reeves says she won't do two things ahead of critical Spring Statement
2 Comments
There was only one winner at the spring statement - and it wasn't Rachel Reeves!
18 Comments
Rachel Reeves has one last chance to pull Britain back from total despair
25 Comments
POLL: Is Rachel Reeves doing a good job as Chancellor?
114 Comments
Rachel Reeves's poll rating slumps to Liz Truss territory
54 Comments
Water, energy and council tax to rise within hours in Labour's 'cruellest month'
433 Comments
Rachel Reeves nightmare as UK families told to brace for ￡1,000 tax hammer blow
65 Comments
I watched Rachel Reeves's Budget - one thing stood out like a sore thumb
421 Comments
Rachel Reeves faces six-month deadline to revive economy or risk losing her job
105 Comments
Rachel Reeves eyes pensions and savings in potential new tax raid
3 Comments
Desperate Rachel Reeves makes Treasury power grab with major demand
34 Comments
Discover Effortless Glucose Monitoring: Reques...Dexcom
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
MD: Building Muscle After 60 Comes Down To...Apex Labs
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
The New Ultramarine CollectionYETI
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Protein Isn't Enough - Here's What Really Build...Apex Labs
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
She blamed “global uncertainty” while announcing swingeing cuts to welfare and other public spending designed to plug a fiscal hole caused by soaring borrowing costs and sluggish economic growth.
Ipsos, which polled 1,028 adults on Wednesday and Thursday, found the majority (54%) think the Government treats people on high incomes better than they should.
Almost three in five think the Government treats pensioners (59%) or working people (55%) worse than they should.