Reeves beats Kwarteng to ‘worst chancellor’ in new ranking
Just months after her exit from Number 11, Rachel Reeves has been given the dubious honour of being voted “worst chancellor”, in a new survey. According to an AJ Bell survey, Reeves was the least popular of the last five chancellors, and even ranked below Kwasi Kwarteng, who held the role for just over a [...]
Just months after leaving the role of Prime Minister, Rachel Reeves has been voted "worst chancellor" in a new survey conducted by AJ Bell. The survey ranks Reeves as the least popular of the last five chancellors, even below Kwasi Kwarteng, who held the position for less than a month. Kwarteng has faced criticism for his role in implementing Liz Truss' "mini-budget" in 2022, a year marked by the shortest chancellorship in the last four years.
Sarah Coles, the head of personal finance at AJ Bell, attributes Reeves' ranking to uncertainty, briefing culture, and "unnecessary complication" from the Treasury. Coles advises current Chancellor John Healey to prioritize clarity and avoid tax changes already ruled out by the government. The survey highlights a trend of short chancellorships in recent years, with six in such a short period, compared to five in the 1820s and 1920s.
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