Public Back Rishi’s Budget

As the Chancellor has today gone out to sell his Budget to the public, he’ll be cheered by a series of snap polls suggesting that the public, by and large, feel he got the balance about right between beginning to address the national debt whilst supporting economic growth.

For YouGov, 46% supported the measures in it, with just 11% opposing it. That said, 42% said that they did not know what they thought of it. It found too that 66% of Conservative voters support it, with 38% of Labour voters supporting it, compared to 18% who oppose it.

YouGov go on to note:

“When it comes to specific measures in the budget, the extension of the furlough scheme to September is also widely welcomed. Half (49%) of Britons approve of the scheme lasting until about this time – just 16% think it should be ended earlier. A further 14% want to see the scheme in place for longer still, with Labour voters more likely to feel this way than Conservatives (19% vs 8%).

“There is also widespread support for the move to increase corporation tax rates to 25% on profits over £250,000 by 2023. Around two thirds of Britons back such a move 69%, with similar levels of support among Conservative voters (76%) and Labour voters (73%).”

For Savanta ComRes, its polling found that 60% of respondents were satisfied with the Budget, compared to 11% who were not.  Among those who voted Labour in the 2019 General Election, 52% were satisfied with it, with just 14% dissatisfied.

When it comes to the Chancellor, Rishi Sunak, 66% said they trusted him to do what was best for the UK economy, including 58% of those who voted Labour in 2019.

For Opinium, it’s data found that 52% approved of the Budget, compared to 12% who disapproved of it. Among those who voted Conservative in 2019, approval for the Budget was at 70%, with even 40% of Labour voters supporting it, compared to 24% who disapproved of it.  

Overall, 51% of those questioned said the Budget was fair, with 19% saying it was unfair. Again, among Labour voters, more thought it was fair (40%) than thought it was unfair (30%).

Asked about its overall impact, 48% said that it would have a positive impact on the UK economy, with 31% saying it would have a negative impact. In contrast, just 18% said it would have a positive impact on their personal finances, with 21% saying it would have a negative effect on them.

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