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Sunak's Conservatives Seek Reputation Bounce From Autumn Statement

UK

Given the measures due to come through in tomorrow's autumn statement seen as set to hit individuals’ finances across the income spectrum, it is unlikely that the Conservatives are going to receive a polling bounce in the aftermath of the announcement.

  • The hope for PM Rishi Sunak will be that the measures implemented result in a more stable outlook for financial markets, leading to a shift in public sentiment towards the Conservatives’ handling of the economy.
  • Since taking over as PM, the Conservatives have returned to level-pegging with Labour in the YouGov tracker of who the public believe will be better at managing the economy (both on 28% in the November poll). This compares to the poll conducted in October following the Truss mini-budget, in which Labour were seen as better on the economy by 37% of respondents compared to 16% for the Conservatives.
More MNI analysis of tomorrow's autumn statement can be found in our preview here:

Autumn_Statement_Nov2022.pdf


Chart 1. Opinion Poll: ‘Which government do you think would be better for managing the economy?’, % and 2-Poll Moving Average

Source: YouGov, MNI

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