Britons consider Rachel Reeves’s spring statement as the worst “fiscal event” since Liz Truss’s infamous 2022 mini-Budget. The damning verdict will heighten pressure on the embattled Chancellor.

Polling by Opinium found just 12% of people thought last week’s spring statement was “good” with 43% saying it was bad.

Ms Reeves has a net approval rating of -41% – which is similar to the previous week’s – and Sir Keir Starmer’s has slipped three points to -32.

Ms Truss’s Budget was widely blamed for stoking market turmoil and hastening the end of her premiership. Then, 12% of the public gave the thumbs up – the same share approving of Ms Reeves’s spring statement – but 61% deemed it “bad”.

James Crouch, head of policy and public affairs at Opinium said: “Labour loves to remind the public of Liz Truss, but Rachel Reeves’ spring statement is the worst-rated fiscal event since the mini-budget in 2022. While some measures were popular, nothing the Chancellor said cut through the deep economic gloom gripping the country.”

There was strong support for cracking down on tax avoidance (71%) and cutting overseas aid (57%) but 35% thought expanding Heathrow with a third runway was a bad idea.

New YouGov polling shows seven out of 10 Britons think the Government has managed the economy badly – and 65% think the situation will deteriorate over the next year. A mere 11% think it will improve.

More than half of Britons (54%) think their own household finances will get worse, and just one in seven says Ms Reeves is doing a good job as Chancellor. Even among Labour voters, 48% say the Government has managed the economy badly and 33% claim Ms Reeves is doing a bad job.

In a sign of the lack of confidence in the economy, 58% say they don’t expect inflation to have fallen to the Bank of England target of 2% by 2027. More than three quarters of Britons (77%) say the economy is in a bad state; only 4% said it was “quite good”.