Industry has 'no confidence' in Rachel Reeves as chancellor

Named ‘worst chancellor in history’

Sahar Nazir
clock • 2 min read

More than half (61%) of industry professionals said they have “no confidence” in chancellor Rachel Reeves, highlighting deep scepticism about her ability to navigate the UK’s economic landscape, according to last week’s PA Asks poll.

Only 7% expressed "a lot of confidence" in her performance, while 28% said they had "not much confidence," leaving just 4% with "some confidence." Not a single respondent had "complete confidence" in Reeves' leadership. The weekly poll garnered 102 responses. Reeves was criticised for her handling of her first Budget, with many labelling it inflationary, anti-business, and lacking basic economic understanding. One respondent described the budget as "the most bizarre hamstrung inflationary budget I have seen," while another stated that it "jeopardises food security" and "will not encourag...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Adviser on crypto: 'I spend most of my time telling clients not to invest in it'

Panel unpacks next gen themes in advice

Isabel Baxter
clock 10 February 2026 • 3 min read
New Talent Alliance uncovers 'inconsistent' advice market data

New Talent Alliance uncovers 'inconsistent' advice market data

Identified ‘serious long‑term talent pipeline risk’

Jenna Brown
clock 10 February 2026 • 2 min read
Dynamic Planner CEO: Cost to serve remains advice's 'Achilles heel'

Dynamic Planner CEO: Cost to serve remains advice's 'Achilles heel'

Updates on technology’s firm AI developments

Isabel Baxter
clock 10 February 2026 • 2 min read