He promised the first cut in basic income tax by a Conservative chancellor for more than 25 years but came with economic forecasts that confirmed the UK was heading for its highest tax burden since the late 1940s, as well as the biggest drop in disposable income since records began in the 1950s.
.@RishiSunak's approval rating is at an all-time low. \n\n> At the Budget in 2021 48% approved of the job he was doin, while 24% approved.\n> Now, 35% disapprove of the job he is doing, while only 31% approve.pic.twitter.com/Y9CxYCOT5b
This would be the highest level for more than 30 years – just short of the 7.5 per cent reached in 1991, when the UK was in the middle of a recession and John Major was prime minister of a Conservative government.
“It clearly is very difficult today to speculate on energy prices in the autumn. Let’s wait until we get there,” he said.
Meanwhile, prime minister Boris Johnson’s rating remains low, with 52 per cent disapproving of the job he’s doing while only 28 per cent approve.
Johnson does retain a narrow one per cent lead over Labour leader Keir Starmer for who the public think would make the best prime minister - but 34 per cent of those surveyed think neither of the two would make the best prime minister.
The pollsters also report that although 44 per cent of UK adults approve of the spring statement, 65 per cent think the government should be doing more to tackle the cost of living crisis.
Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.