John Curtice: The public will punish the Tories for putting their homes and pensions at risk 🔵 The latest polls show the damage that has been done to the Conservatives’ reputation
Voters’ adverse reaction to last Friday’s financial statement – and the market turbulence that followed – has helped propel Labour towards its biggest poll lead since 2010. Seven polls conducted in the last 48 hours have on average put the partyThat represents an eight-point swing from Conservative to Labour over the course of the last week.
As yet at least, the Government has not bowed before the judgement of the markets, albeit it is relying on the Bank of England and the Office of Budget Responsibility, two institutions it hitherto regarded with a degree of disdain, for help in shoring up its position. Meanwhile, much of the decline in the Conservatives’ position has been occasioned by many of their 2019 supporters saying they do not know how they will vote at the next election,. They are three times more likely to do so than their Labour supporting counterparts. Some of these former supporters at least may be easier for Liz Truss to win back.
According to Redfield & Wilton the proportion who trust the Conservatives most to manage the economy has fallen over the last week by eight points. While 24 per cent still trust the party it now trails Labour, on 36 per cent, by a wide margin.