Ahead of the Chancellor's appearance at the despatch box this afternoon for his 'not-a-significant-fiscal-event' fiscal event, worth reminding ourselves how he's fared over the last few months...
In Savanta's daily coronavirus tracker, the Chancellor's net approval on his handling of the crisis currently sits at +21. For context, that is 35pts above the Prime Minister's net approval rating.
Sunak's net approval hit heights of +55, around when he unveiled his package of measures to support the self-employed, arguably the final piece of the jigsaw in his first set of emergency measures.
The Chancellor's approval rating has never dipped below +17. Again, for context, the Prime Minister's own approval has only been that high once in almost two months.
At @SavantaComRes we also track favourability in our new monthly political tracker. Sunak's net favourability of +29 in May and +26 in June has always been sizably ahead of the Prime Minister and the three other Great Office of State holders.
While today's announcement is likely to focus on jobs, and the Treasury continue to play down any potential 'rabbits from hats', rumours of a VAT cut for the hospitality sector will be welcomed by the public...
In June's tracker, sector-specific help for pubs, bars and restaurants had net support of +23, and 'other' hospitality such as hotels had net support of +29 (compared to airlines, for example, with +3 net support).
Let's wait and see how much impact today's announcement has on the Chancellor's approval and favourability but, beyond that, is he the man to turn the whole government’s fortunes around?
Looking again at Savanta’s daily coronavirus tracker, the government’s approval rating is at -3 for the second day in a row – that’s the lowest we’ve seen it since we started tracking. The Prime Minister’s is at -14, his lowest rating by some distance.
There’s much more riding on Sunak’s announcement today than first meets the eye if he’s to be the government’s saviour and get them out of the public opinion doldrums they so clearly are in.
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