More than two thirds of voters were “disappointed that the budget did nothing for people like me”. Illustration: Paul Scott

As the presidential election shapes up to deliver significant political blows to the two Government parties, the public’s reaction to the Coalition’s first budget will offer Ministers little consolation.

Voters believe last week’s budget will not help them, and only a quarter say it struck the right balance between investment and prudence. There is a constituency for prudence, but it is a minority.

If voters judge budgets principally through the prism of their own finances and economic circumstances, then the Government parties can expect no repeat of the favourable reception o

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