Joanna Marchong

Rachel Reeves enters 2026 more unpopular than she has ever been before. YouGov polling from December has 71 per cent of Britons saying they have an unfavourable opinion of Britain’s first female chancellor. Reeves was meant to be a competent economist who could restore credibility to the Treasury and, in her words, ‘revive economic growth’. How’s that going? Reeve’s tenure in No. 11 has so far been more slapstick than good governance. Her CV unravelled under scrutiny; she broke manifesto commitments; she unveiled an appalling Budget, vowed never to repeat it, and then promptly did. Am I judging her too harshly? Am I being a misogynist? Reeves would probably say so. We should judge female politicians just as we do men: brutally.

For a party long described as Britain’s ‘natural party of government’, the Conservatives have spent an astonishing amount of time recently behaving as if the electorate suffers from acute memory loss. Every crisis they now attempt to offer solutions to in opposition is one they helped engineer in government. Every principle they defend today is one they discarded yesterday. And every lecture on restraint or prudence is delivered with the tone of a headteacher whose school burned down on his watch. Take Send as an example. (‘Send’ stands for special educational needs and disabilities.

Gathered beneath the marble columns of the old Banking Hall in the City of London, Nigel Farage did what he does best. He assembled journalists, lobbyists, wonks and a few business representatives for another hour of gesticulations and clarifications. But this time was slightly different; here, there was talk of sensible reform alongside the usual messaging. Talk of ‘common-sense economics’, nods to tax, promises to put ‘Britain first’. Plenty of sound rhetoric, yes. But precious little sound policy. Reform shouldn't be a party of loud statements, here-today-gone-tomorrow policies and U-turns We left with a similar sense of deja vu: bold themes, grim but correct forecasts about Britain’s economic decay and little detail.  One idea, though, hardly fleshed out but familiar.