Poll says Truss rejection sees Labor gain biggest support in UK in 20 years

Sputnik – An economic plan presented by the newly elected Prime Minister of the United Kingdom, Liz Truss, sparked a revolution in British politics. A poll released on Tuesday (27) showed that the opposition Labor Party to Truss reached its highest approval rating due to the prime minister’s plan.

According to a YouGov poll commissioned by The Times, Labor shows 45% of voting intentions for the British Congress, while the Conservatives reach only 28%.

That percentage of Labor membership, which has increased by 5 percentage points in a week, is the highest in 20 years since Tony Blair, the first Labor prime minister, was elected in 2001.

Last week, British Chancellor of the Exchequer, Kwasi Quarting, presented to Parliament a “support plan” for the country’s economy that includes huge tax cuts. Kwarteng announced the cancellation of the planned increase in corporate income tax from 19% to 25%.

Since the announcement, the yield on British five-year government bonds has risen to the highest level since 2008 at 4.6%, which means demand for British bonds has fallen, sparking a wave of criticism of the government. A motion of no-confidence against the Prime Minister.

According to a YouGov poll, 72% of respondents opposed the decision to lower the maximum income tax rate to 40% for those earning more than £150,000 a year.

Only 9% of Britons believe that the measures outlined by Kwarteng will improve their financial situation and only 25% believe that the government has a clear plan to manage the economy.

The survey was conducted with 1,730 British citizens from 23-25 ​​September.

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