Labour trusted less than Liz Truss and Jeremy Corbyn in damning new polling

The Conservatives lead the polls on 17 per cent, with Reform UK second on 13 per cent, Greens on eight per cent and the Liberal Democrats on just five per cent.

Also, over a third of Britons think Rachel Reeves over-exaggerated economic bad news in the days before last week's budget.

Only 18 per cent of those polled by YouGov said she was broadly honest, and just 13 per cent who said things were better than she presented.

Meanwhile, over half of people polled (57 per cent) think the Chancellor broke Labour's election promises, 13 per cent think she did not and 30 per cent are not sure.

Just eight per cent think the budget will leave the country as a whole better off, while two per cent think it will leave them and their family better off, reports Sky News.

Speaking to GB News, Shadow Chancellor Sir Mel Stride declared Ms Reeves's position is "untenable" and demanded an inquiry into her alleged "market manipulation".

The Chancellor's Budget last week has continued to spark controversy as OBR chair Richard Hughes handed in his resignation following the accidental leak.

Sir Mel told GB News: "The Chancellor should resign. Richard Hughes's departure, one can understand in terms of the serious errors that were made at the OBR.

"But nonetheless, I think there's more than circumstantial evidence that the relationship between him and Rachel Reeves and the lack of support from the Chancellor for him at this particular moment has been part of the story of him leaving his position."

Taking aim at Ms Reeves's decisions made in the Budget last week, Sir Mel concluded: "The position with the public finances is very weak and much weaker than it should have been.

"Because you've had a Government that's come in having said they wouldn't put up taxes, but slapped lots of taxes, particularly on businesses, that has killed growth."

According to the YouGov polling, 20 per cent of Britons think the budget catered too much to help and support for older people, with 50 per cent thinking they and their family will be worse off.

Sir Mel continued: "They're mounting up lots of debt, and the servicing costs on that debt are now running at £100billion, twice what we spend on defence.

"What we've seen in this latest Budget is actually taking a lot of money now from hard working people by way of extra tax and spending it on welfare.

"And those are the wrong priorities. They're not going to be good for the economic health or the wellbeing of people up and down the country, I'm afraid."

Nigel Farage took aim at last week's budget, as the Reform UK leader dubbed it an "assault on aspiration and an assault on saving”."

The Clacton MP said it was an "Alice-through-the-looking-glass Budget with a healthy dose of socialism thrown in."

Meanwhile, the Liberal Democrats warned that Rachel Reeves is becoming a "continuity Conservative chancellor", with the party's Treasury Spokeswoman and Deputy Leader Daisy Cooper saying: "This £67billion stealth tax stitch up between the Conservatives and Labour is not just stifling our economy, it is undermining faith in our politics.

“People hoped this Labour government would deliver the change they’re crying out for, instead it’s just more of the same chaos and broken promises."

Meanwhile Green Party Treasury Spokesman Adrian Ramsay MP accused Labour of "papering over the cracks", adding: "It is frankly inexcusable that she has made the political choice to squeeze households already struggling with the cost of essentials, whilst letting multimillionaires and billionaires off the hook.

“It is indefensible that the Chancellor is cutting vital home insulation funding, one of the best ways to lower bills.

“Whilst scrapping the cruel two-child benefit cap will be a huge relief to families across the country, it is unforgivable that it has taken 18 months for the Chancellor to acknowledge the terrible harm and distress this cap has caused to so many families.

"Far more action is needed to end the scandal of child poverty."